The company has developed a fully automatic energy recovery system for electric and self-driving electric cars that can swap out batteries in just 30 seconds at a station that is 10 times cheaper than Tesla's Supercharger. The system is compatible with existing battery cell suppliers, making it easy to implement into EVs. BattSwap was recently approved by the European Space Agency business incubator to participate in a new round, and its innovative technology enables energy transfer between the utility grid and electric vehicles, providing clients with a convenient battery swap service.