Former Envia Systems execs drop their lawsuit

Last month, three of Envia’s top former executives filed a lawsuit alleging that Sujeet Kumar, the company’s co-founder and chief technology officer, created the company using intellectual property that he stole outright from Santa Clara-based NanoeXa, his previous employer. Envia claimed it had created a rechargeable lithium-ion battery for the electric vehicle market and was awarded a $4 million grant from ARPA-E, the innovation arm of the Department of Energy. General Motors invested in the company with the hopes of licensing the technology.

Now the three former executives – Atul Kapadia, Hari Iyer and Rohit Arora – have dropped their suit “without prejudice,” with little explanation as to why.

“For a number of reasons: personal, professional, and case-related – we have decided to dismiss the case without prejudice and suspend pursuit of our claims,” said Atul Kapadia in an e-mail. “Without prejudice means we retain the option of re-filing at a later date.  This was not a court ruling.  It is being done at our behest.”

Dr. Purnesh Seegopaul, a general partner at Pangaea Ventures, is acting as interim CEO and says Envia, which has 30 employees, is moving forward with developing lithium ion battery cathode and anode materials for the automotive and consumer electronics market.

“Envia Systems is pleased that the lawsuit brought by Atul Kapadia and two other former employees has been dismissed,” said Envia in a statement released Jan. 27. “Envia is considering its options to address the fact that the baseless lawsuit was filed at all. The company’s own investigations and other data confirmed that the lawsuit was meritless, and the plaintiffs and their lawyers have now essentially agreed  – by themselves dropping the suit less than two months after it was filed.”

 

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