Why you know the company: Evatran Group Inc. is the Richmond-based maker of wireless charging stations for electric vehicles.
Evatran’s technology enables electric cars to recharge their batteries without plugging in to a power station.
The company was founded in 2009 as a subsidiary of MTC Transformers in Wytheville. It became a separate company in 2010 and subsequently moved its headquarters to Richmond.
Rebecca Hough Tinucci, daughter of the company’s founder who had been its CEO from 2012 to earlier this year, left the company in the spring and is now working for tech industry tycoon Elon Musk’s electric car maker Tesla Motors Inc.
Tinucci, who got married this year, is listed on her LinkedIn profile as being the product manager for Tesla in the San Francisco area, focusing on software development and strategic initiatives.
Her departure came as a planned acquisition of Evatran by a Chinese automotive company fell through.
Evatran had agreed in November 2017 to be acquired by Zhejiang VIE Science & Technology Co., a China-based auto parts manufacturer that was one of Evatran’s major investors. Zhejiang had planned to buy the remaining 83.86 percent stake in Evatran for $10.5 million.
The deal was scrapped because of the Chinese government regulatory approval environment.
What’s new: Evatran vacated its Scott’s Addition headquarters.
The 20,700-square-foot space in the HandCraft Cleaners building in Scott’s Addition was taken over by apparel company Need Supply Co. for its headquarters. The space, at 3301 W. Moore St., is adjacent to Väsen Brewing Co.
“We did not need a large office space right now,” said Bob Mooney, Evatran’s board chairman and managing partner at NRV, a Richmond venture capital group that is a major investor in Evatran.
Evatran, he said, still has some operations in North Carolina where it conducts some research and development work.
Mooney said Evatran is in the process of working with some OEMs, or original equipment manufacturers, to have its product installed during the manufacturing process. He didn’t provide details.
“We hope to have something new to report in the next couple of weeks,” Mooney said. “And we are producing some prototype products.”
He said Jake Rath, the company’s executive vice president, is the person in charge. Rath joined Evatran in 2014, leading supply chain, manufacturing and installation operations. He now oversees all of Evatran’s operations, from manufacturing, to its OEM design and development programs.
“He’s very knowledgeable,” Mooney said.
The board has not named a CEO replacement for Tinucci, he said.