US-based electric vehicle manufacturer VIA Motors has acquired an electric vehicle design, engineering and prototyping company, the Prodigy Engineering for an undisclosed sum.
The transaction will provide the manufacturer with access to an exclusive license to advanced Lithium Ion battery cooling technology.
The new technology is claimed to offer longer battery life and better performance across the operating spectrum.
VIA Motors CEO John Weber said the acquisition expands the company's talent base with a dedicated, talented engineering team to focus on its product development and vehicle testing.
"This team brings VIA cutting edge engineering solutions for our advanced electric vehicles," Weber added.
Following the deal, Prodigy engineering will be retaining its staff, while founders Mark and Mike Patey will continue to offer services under a four year retainer and non-compete agreement.
Prodigy Engineering co-owner Mike Patey said, "We believe the merger of resources with VIA can deliver innovations and solutions making VIA's electrified fleet vehicles the gold standard."
Prodigy has been offering its services to VIA under contract to prototype new vehicle models for the company's expanding portfolio.
