TMEVnet wins Chungnam InnoStar Challenge with EV charging technology

Electric vehicle (EV) new technology charging solutions specialist TMEVnet (CEO Cho Hyoung-nam) announced on the 2nd that it won the Grand Prize at the “2023 Chungnam Cheonan-Asan Innocity InnoStar Challenge.”

This event was a technology startup competition demo day held as part of the Chungnam Cheonan-Asan Innocity Campus project, jointly hosted by the Korea Automotive Technology Institute, a core technology organization in Cheonan-Asan Innocity, and F1 Partners.
A total of 10 companies participated in the IR (investment attraction) pitching, with TMEVnet winning the Grand Prize, the “Chungcheongnam-do Governor’s Award.”
In addition, Myren (CEO Choi Eun-hong) and G&T (CEO Son Il-soo) each received Excellence Awards, the “Cheonan Mayor’s Award” and the “Asan Mayor’s Award,” respectively.

Cho Hyoung-nam, CEO of TMEVnet, said, “I would like to thank Director Oh Mi-hye of the Korea Automotive Technology Institute Innocity Campus, Senior Researcher Lee Hyun-min, CEO Lee Chul of F1 Partners, and all officials of the hosting organizations,” and added,
“Through various programs and feedback, we were able to further advance our business model.”
He continued, “We will achieve global expansion through diverse collaboration programs with the Korea Automotive Technology Institute.”

Oh Mi-hye, Director of the Korea Automotive Technology Institute Innocity Campus, said, “Cheonan-Asan Innocity has been nurturing innovative startups with high growth potential into unicorn companies every year through the InnoStar Challenge,” and added,
“In the future, we plan to actively discover and support excellent technology-based startups so that we can strengthen the regional startup ecosystem and establish ourselves as a hub for innovative startups in the future vehicle industry.”

Meanwhile, TMEVnet is developing a new EV charging technology applying “liquid evaporation phase change” technology.
Based on the principle that all conductors (except superconductors) have electrical resistance, with some electrical energy converted into heat when current flows,
they aim to improve charging efficiency by minimizing electrical resistance through an EV charger equipped with a cooling zone below minus 37 degrees Celsius.