Proof Energy

About Proof Energy

Proof Energy, founded in 2018 and headquartered in Silicon Valley, California, is a pioneering startup in the commercial electric vehicle (EV) market. The company focuses on addressing a critical issue faced by Battery Electric Vehicles (BEVs): significant range reduction in cold weather. BEVs can lose up to 50% of their driving range during winter due to the parasitic drain of electric heaters on the battery packs. Proof Energy's innovative solution is its proprietary catalytic oxidation heaters, which are designed to mitigate this problem and enhance the efficiency of BEVs.

Proof Energy is also commercializing advanced hydrogen fuel cells that utilize low-cost fuels such as ethanol, methanol, ammonia, and natural gas hydrogen carrier fuels. These fuels have a much higher energy density compared to high-pressure hydrogen, enabling Proof Energy to offer carbon-neutral solutions for commercial EVs. This approach is not only faster but also significantly more cost-effective than building out megawatt (MW) fast charging infrastructure or hydrogen production and delivery capacity.

The company's primary clients are fleet operators who manage commercial EVs. These operators benefit from Proof Energy's solutions by achieving greater vehicle range and efficiency, especially in challenging winter conditions. The market for Proof Energy's products is global, driven by the increasing adoption of zero-emission vehicles and supported by government incentives.

Proof Energy operates on a business model that involves developing and deploying its proprietary technologies through a network of investors, partners, and customers. The company generates revenue by selling its catalytic oxidation heaters and hydrogen fuel cell systems to commercial EV fleet operators. Additionally, Proof Energy is actively building a global network to accelerate the funding, development, and deployment of its technologies.