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MarsCharge Joins NYU’s Endless Frontier Labs

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Press Release


Oct 21, 2022 09:00 EDT

MarsCharge (https://marscharge.com) has been selected to join NYU’s Endless Frontier Labs (https://endlessfrontierlabs.com/) 2022-2023 cohort alongside 75 other ground-breaking companies. MarsCharge will work with Endless Frontier Labs (EFL) mentors, NYU Stern MBA students, and other companies selected for the Deep Tech track to commercialize its patent-pending combination electric vehicle (EV) charger and mass energy storage platform. 

MarsChargers have advanced power electronics that integrate EV charging hardware, software, and intelligent battery storage into one decentralized system. They will reduce infrastructure costs, reduce demands on the grid, cut down on lead times, increase profitability, increase the grid’s resiliency, open up new markets, and enable improved charging alternatives, such as ultrafast mobile chargers that can fit in the trunk of an EV. 

“Thank you to Professor Deepak Hegde and the Team at Endless Frontier Labs for selecting us to this year’s Cohort. We are excited to be working with you,” says Michael D. Marczi, Founder and CEO of MarsCharge. “The future of energy is decentralized. Deep technological advancements have pushed power to the edge of networks enabling fewer concentrated points of failure. Decentralization has already occurred in information, finance, organizations, and energy. MarsCharge’s decentralized platform will have a key role to play in our clean energy future. While other chargers provide a single function, our chargers are comprehensive integrated energy assets that can store, manage, and distribute power. We’re at the frontier of a brand-new era, and thanks to NYU’s Endless Frontier Labs, MarsCharge is accelerating towards the future.” 

Endless Frontier Labs, a program for early-stage science and technology-based startups at New York University (NYU) Stern School of Business is structured to optimize each startup’s chance of scaling into a successful company through a goals-based mentoring process. EFL mentors are experienced entrepreneurs who have built and exited successful companies, world-renowned scientists and technical experts, and well-known venture capital and angel investors. Over nine months, EFL mentors work with founders to set goals for the startups to accomplish and act as an informal advisory board to guide founders on how best to scale their businesses. Startups making progress are able to attract financing from investors in the Program. 

Consistent with its mission as a non-profit, EFL is a founders-first program and charges no equity or fees from participating startups. No NYU affiliation or relocation to NYC is required to participate. The program is appropriate for founders from around the world seeking deep connections to the thriving New York ecosystem or U.S. markets.

“Our mission is to bridge the gap between science and markets. We believe business strategy, validation by scientific peers, and connections to investors are critical for the successful commercialization of scientific breakthroughs. To that end, EFL provides founders access to an unparalleled network of business coaches, scientists, investors, and Stern MBA students to help transform their ideas into high-growth businesses,” said NYU Stern Professor Deepak Hegde, Founding Director of EFL.

Source: MarsCharge, Inc.

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