The program is managed by the State Society for Industrial Promotion and Business Development (SEPIDES) and financed with funds from the European Union-NextGenerationEU.

The company, headquartered in Donostia-San Sebastián, specializes in power electronics applied to electric mobility systems. Its areas of activity include the development of traction inverters and battery management systems (BMS).

Traction inverters are one of the main components of an electric vehicle's propulsion system. They are responsible for transforming the direct current supplied by the battery into alternating current to power the motor and for controlling parameters related to its operation, such as torque and speed.

The project, funded through the PERTE VEC program, will focus on inverters specifically designed for light electric vehicles. This category includes applications such as electric motorcycles and quadricycles, among other types of vehicles.

The dimensions and weight of the inverter are particularly relevant factors in this segment due to the space and weight limitations of the vehicles. The R&D work will address the development of devices adapted to different power requirements and the characteristics of these applications.

NX Technologies currently develops systems for various electric mobility categories, from light vehicles to larger applications such as trucks, buses, and tractors. The funding obtained will be specifically used to expand its research and development work in the light electric vehicle category.

Since its founding, the company has raised over €10 million in public and private funding and allocated €5.2 million to R&D activities, according to data provided by the company itself. It employs approximately 40 people and operates from Donostia-San Sebastián.