LiTHIUM BALANCE A/S was founded in 2006 with the specific purpose of developing the first really effective Battery Management System (BMS) for Lithium Ion batteries.
Our vision is to take part in reducing some of the world’s environmental problems by facilitating more CO2 friendly means of transportation than the traditional fossil fuels driven vehicles.
In September 2006 we got our first break through with a 48V Li Ion battery managed by our BMS performing 157 km on a single charge of an electric scooter, compared to only 40 km with the standard lead-acid battery pack. The 72V BMS version was released in October 2007.
Development of a scalable BMS platform for electric cars and other high voltages applications began early 2008. The first prototypes were successfully implemented in two electric cars developed by Lotus Engineering for Proton Cars of Malaysia in February 2009, and the platform was released for production and sales Medio 2009.
Early 2010 Frost & Sullivan recognized Lithium Balance's development of its innovative Battery Management Systems for Lithium Ion batteries with the ‘2009 European Automotive Powertrain New Product Innovation Award’.
In competition with 987 most innovative high tech companies in Europe, LiTHIUM BALANCE took 2nd place in the cleantech category in the final of the 2010 Eurecan European Venture Contest (EEVC). LiTHIUM BALANCE received this award in competition with 987 of the most innovative high tech companies in Europe.
The original investors in Lithium Balance included the seed investor Teknologisk Innovation A/S, owned by the Danish Technological Institute A/S (www.dti.dk), and the Danish Ministry of Science, Technology and Development (www.fivu.dk). Today the investors are DS7 ApS, Dong Energy Power A/S (www.dongenergy.com) and CEO Lars Barkler.