We’re proud to share that Open Energy ‘s EV Battery Swap has been highlighted in Forbes Korea (print and digital). This feature underscores our role in advancing electric vehicle infrastructure with cutting-edge solutions.
Original post (in Korean): [K-Startup Grand Challenge ①] Tin Hang Liu, CEO of Open Energy, Leading Sustainability in the EV Infrastructure Market
TLDR;
Open Energy’s HyperSwap EV Battery-Swap Tech Transforms Sustainable Mobility in Korea’s EV Market
Forbes Korea highlights Open Energy, a Singapore firm revolutionizing EV infrastructure with HyperSwap—a fast charging solution enabling 2.5-minute battery swaps (10x quicker than fast-charging). The AI-powered safety system reduces fire risks and triples battery lifespan, while multi-standard compatibility supports diverse EVs at one station. Recognized at Korea’s K-Startup Grand Challenge, Open Energy targets the Korea EV market, leveraging the nation’s leadership in battery tech and manufacturing. With partnerships planned among automakers and logistics firms, HyperSwap aims to scale green mobility solutions, aligning with global shifts toward electric vehicle innovation and sustainable mobility.
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Full English translation: Open Energy, Leading Sustainability in the EV Infrastructure Market
Singapore-based Open Energy is revolutionizing the EV infrastructure paradigm with HyperSwap, a technology that replaces electric vehicle batteries in just 2 minutes and 30 seconds. HyperSwap introduces a battery-swapping approach unseen in traditional EV charging systems, boasting speeds 10 times faster than conventional fast charging and twice as fast as refueling a gasoline vehicle. But speed isn’t its only advantage. Amid growing safety concerns following recent EV fire incidents, HyperSwap leverages AI-based diagnostics to inspect batteries and minimize fire risks. It also extends battery lifespan by three times through smart charging optimization. Additionally, Open Energy Technologies’ batteries feature multi-standard compatibility, resolving the issue of single-battery specifications among competitors, enabling support for diverse EV models at a single station.
Open Energy Technologies secured third place at the K-Startup Grand Challenge (KSGC), recognized for its EV innovation. Notably, it was the only company in the mobility/energy sector among KSGC applicants. CEO Tin Hang Liu attributed this success to their “tailor-made solutions addressing critical sustainability needs in high-energy-consumption sectors like logistics and Mobility-as-a-Service (MaaS).”
On Entering the Korean Market:
“Korea leads the global market in battery technology, EV manufacturing, and government-driven automation policies,” Liu explained. “The country not only excels in automotive innovation but also offers vast market potential, with households owning multiple vehicles. The surge in EV interest further strengthens our decision.”
Challenges and Vision:
“Major players like Uber and Amazon have pledged to transition to EVs by 2030. While Korea’s stringent EV regulations pose challenges, we anticipate significant demand as global giants prioritize electrification,” Liu stated. “Open Energy Technologies plans to collaborate with battery manufacturers, EV makers, and logistics firms to pioneer this market. We aim to redefine EV infrastructure by optimizing technology and customer experience. HyperSwap’s innovative approach will deliver time efficiency, safety, and sustainability to EV users worldwide.”
