According to foreign media reports, InoBat Auto, a battery R&D and production company headquartered in Bratislava, Slovakia, said that it is one of the leading investors in infrastructure technology asset management companies IPM Group, CEZ Group, Wildcat Discovery Technologies and other investors. Successfully raised 10 million euros (about 79.467 million yuan) in the round of financing. Three months ago, the startup had just received 5 million euros from the government.
CEZ Group is a joint group of more than 100 companies with a market value of more than 10 billion euros. The investment in InoBat Auto was made in the form of a loan. After additional investment, the investment may be converted into stocks. At the same time, this investment also shows that the automobile industry is still committed to providing clean energy solutions in the face of economic instability. InoBat Auto will use the new funds to build a "unique" R&D center and 100 MWh battery production line in Slovakia. Last month, InoBat Auto had just acquired Voderady’s factory and will start building the plant later this year. The first batch of batteries will be put on the market in 2021. In addition, the company also plans to build a super factory with a capacity of 10 GWh by 2024, with the aim of providing "advanced customized batteries" for 240,000 electric vehicles.
InoBat Auto will become the first European supplier to provide customized batteries for the electric vehicle market. The company cooperates with Wildcat Discovery Technologies "High-throughput (HTP) R&D technology" to test various variations of battery chemical composition and uses artificial intelligence (AI) technology to select the best battery composition to meet the car manufacturer’s Performance requirements. Then, we can quickly expand the scale of R&D, produce customized batteries, and realize efficient and large-scale battery production.
This strategic partnership can also benefit from Slovakia's rich industrial atmosphere and strong automobile industry, because Slovakia is the country with the most concentrated automobile production in the world. Now, InoBat Auto is seeking to develop based on the existing automotive and energy industries in Central and Eastern Europe. The company's goal is to accelerate the popularization of electric mobility solutions in Europe through the development of a fully integrated value chain, thereby enhancing the European economy Global competitiveness and provide a long-term sustainable solution for the automotive market. (Yu Qiuyun)
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