Schwarzenegger-backed startup takes on Tesla with new battery tech
Inhabitat – Phoenix
Tesla may be the best-known electric vehicle (EV) manufacturer, but its grip on the industry isn't certain. The Elon Musk-founded company has plenty of competition, including the Austrian startup Kreisel Electric GmbH – backed by former California governor Arnold Schwarzeneggar and his nephew. Having experienced sweeping success in the past two years, Kreisel is moving into a $12 million research center and battery assembly facility where it will test new battery technology. Since 2014, Kre…