Slovakia's InoBat Secures €100 Million in Funding, Boosts Battery Production
2024-12-20
Reuters
In a significant move, Slovak battery manufacturer InoBat has successfully raised €100 million in its latest funding round, with backing from its Chinese partner, Gotion High Tech, a leading battery cell maker. This substantial investment is expected to propel InoBat's battery production, enhancing its position in the European electric vehicle market. With the growing demand for sustainable energy solutions, InoBat's innovative battery technology is poised to play a crucial role in the transition to a more environmentally friendly transportation sector, driven by key trends like electric vehicles and renewable energy.
