The company develops advanced technologies for the recharging of electric vehicles like the Chevrolet Volt and Nissan Leaf currently available in the market. The company was founded in 2009 as a wholly owned subsidiary of MTC Transformers™, a custom manufacturer of electrical transformers. Since that time, the company has been spun out from MTC and has established commercial relationships with Yazaki North America, a Tier 1 automotive supplier, and Sears Home Services, the leading provider of appliance installation services across the nation, in order to commercialize its wireless recharging technology, Plugless Power.
Timothy Briggs, CFO of Evatran, communicated the company’s excitement for this opening: "We are thrilled to open this satellite office in Research Triangle Park. The Raleigh area has been my home for over 24 years and I am pleased to introduce Evatran to the area. As we continue to build Evatran as a clean technology company, we look forward to setting up relationships with customers and vendors in the area as we establish ourselves as a leader in the wireless charging market."
Plugless Power™, developed by Evatran™, is the first electric vehicle (EV) charging system on the market to offer customers a simple way to charge their EVs with the ease of wireless technology. In addition to aftermarket distribution, Evatran is currently working with automotive manufacturers to integrate the Plugless Power technology into mass-market EVs and signed a Joint Development Agreement with Yazaki North America, a major Tier 1 automotive supplier in May 2011. The company signed an installation agreement with Sears Home Services in December 2011 to support the installation of Plugless Power systems nationwide.