Schedule a Call Back
Amara Raja Invests €20million in InoBat
Industry News- Jun 21,24
InoBat, specialises in research, development, and production of batteries for electric vehicles.
Amara Raja Energy & Mobility (ARE&M), India’s leading battery manufacturer, has further invested €20million, which includes a subscription for an additional 4.5% equity stake in InoBat AS, Norway. With the above, Amara Raja Energy & Mobility Limited's total holding will be around 9.32% of its equity stake in InoBat AS, including its previous investment of €10million.
The Slovak company InoBat, specialises in research, development, and production of batteries for electric vehicles custom-designed to meet the specific requirements of global mainstream and specialist OEMs within the automotive, commercial vehicle, motorsport, and aerospace sectors, and has shown significant growth in the recent times.
InoBat’s cutting-edge battery technology and advanced manufacturing capabilities align seamlessly with Amara Raja’s vision of a greener, more sustainable future, as part of which the company is setting up one of India’s largest gigafactories for Li-ion cell and battery pack manufacturing, the first phase of which is slated to be functional this year.
Vikramadithya Gourineni, Executive Director, Amara Raja said, "Our investment in InoBat highlights our commitment to being at the forefront of the energy revolution. InoBat’s innovative approach to battery technology complements our mission to deliver sustainable and cutting-edge energy solutions. Together, we aim to accelerate the transition to electric mobility and contribute significantly to global sustainability goals."
Amara Raja Energy & Mobility
ARE&M)
battery manufacturer
InoBat AS
Norway
battery research
battery development
battery production
electric vehicles
OEMs
automotive sector
commercial vehicle sector
battery technology
Vikramadithya Gourineni
Related Stories
Electrical & Electronics
Amara Raja to launch battery recycling operations in TN by November end
Currently, 83% of the lead in the company’s manufacturing comes from recycled sources.
Read moreAuto & Auto Components
Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.
Read moreAuto & Auto Components
Atul Greentech and Jio Platforms partner to drive innovation in EVs
This collaboration leverages Jio's advanced IoT mobility technology, integrating cutting-edge hardware, software, and connectivity to provide real-time telematics data and high reliability for users..
Read moreRelated Products
Forklift Battery
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Aatous International is a manufacturer and solution provider of a wide range of forklift battery.
Wrist Type High Voltage Alarm
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
‘KUSAM-MECO’ has introduced a new wrist Type High Voltage Alarm Detector - Model KM-HVW-289 having a wide sensing range from 1kV-220 kV AC.
Servotech Power Systems files 2 patents for energy management technologies
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Servotech Power Systems, a leading manufacturer of EV chargers and solar solutions, has announced that it has filed two patents for innovative energy management technologies in order to facilitate gri Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
