The production will be based in a large scal einnovation centre in Switzerland called QUANT-city.
The company is aiming to build a production facility for its flow cell battery and the bi-ION electrolytes that power it, as well as a pilot production facility for QUANT low-voltage electric vehicles.
It has also delayed plans for a public offering of shares.
"Over the last few months, we have succeeded in providing an impressive demonstration of the functionality of our nanoFlowcell technology with the aid of our QUANTiNO 48VOLT and QUANT 48VOLT test vehicles. However, we have yet to prove that our nanoFlowcell system is also suitable for volume production. We can and will do this," said Nunzio La Vecchia, Chief Technology Officer for London-based nanoFlowcell Holdings.
"We have been working for some time on the development of a mass production system for our bi-ION electrolytes, having long been able to produce the electrolytes in the lab. We have now successfully developed a production process that will smooth the way to producing the electrolytes on an industrial scale. Ultimately, the market success of our technology will depend on this," he said.
The company says it will work with partners to build the pilot facility to demonstrate the industrial-scale production of bi-ION and act as a template for bi-ION production facilities to be built internationally. The pilot line will produce two million litres of bi-ION electrolyte liquid a day, equavalent to 1.2 GWh of energy. Production can then be scaled up for mobile applications such as the electric vehicles and stationary generators and off-grid flow batteries.
La Veccia says the company has advance orders for 25,000 QUANTiNO 48VOLT vehicles and 500 of the larger 706hp QUANT 48VOLT sports car. Production development and operation of a test fleet of vehicles will be managed together with international partners, and the designs will be combines to offer a single technology platform for licensing..