Gentherm leads investment in electric battery cooling technology maker Carrar

Gentherm Incorporated – formerly called Amerigon – Northville, MI, United States, (NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, is the lead investor in a Seed round of financing in Carrar, an Israel-based technology developer of advanced thermal management systems for the electric mobility market.

Carrar’s disruptive two-phase cooling technology leverages thermodynamics that has the potential to enable fast charging and discharging of a battery to overcome the challenges for electric vehicle (EV) batteries, on-board electronics, and charging infrastructures.

The technology is being developed to be applied in EV battery packs to address the significant challenges global automakers are facing with heat dissipation. Carrar’s solution is targeted at delivering uniform temperature for each cell and across the battery pack to preserve battery life and improve performance with greater safety.

“The electric vehicle market is growing rapidly and there is a need to develop safe, fast, and reliable solutions to solve the challenges our customers are facing,” said Phil Eyler, President and CEO of Gentherm. “We see potential opportunities with Carrar’s innovation to help expand our Battery Performance Solutions portfolio with a technology that can improve EV safety, performance, and charging speed while helping accelerate EV adoption.”

“The two-phase cooling disruptive technology will play a major role in the future of the EV battery market by enabling faster charging and safer EV use that are key for mass adoption,” said Erez Freibach, Co-founder and CEO of Carrar. “Gentherm is delivering the future of battery thermal management solutions at scale and we look forward to working together with the goal of bringing our technology to the global market.”

Gentherm’s Battery Performance Solutions offer a wide range of technology that supports our customers’ electromobility needs today and in the future. These products are utilized in the thermal management of modern xEV vehicles, which includes full hybrid electric vehicles (FHEV) and plug-in hybrid vehicles (PHEV), but also Cell Connecting Technologies for the sensing of critical data and the configuration of batteries.

About Gentherm
Gentherm (NASDAQ:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products include variable temperature Climate Control Seats, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has more than 11,000 employees in facilities in the United States, Germany, Canada, China, Hungary, Japan, Korea, North Macedonia, Malta, Mexico, United Kingdom, Ukraine, and Vietnam.

About Carrar
Carrar provides innovative thermal management system (TMS) technology for the electric mobility market. Carrar was established following five years of research and development in disruptive two-phase cooling technology that leverages the thermodynamic properties of latent heat. Carrar solution allows ultra-fast charging/discharging and uniform temperature distribution down to the cell level, preserving battery life, and preventing thermal propagation. Carrar technology is safer, compact, cost-effective and efficient. The company’s innovative thermal management system is breaking the heat barrier for EV batteries and onboard electronics. Carrar is based in Sderot, Israel.


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