Verkor Secures €800 Million in Series C Funding to Accelerate Low-Carbon Battery Manufacturing for Electric Mobility

Verkor, a pioneering French industrial company headquartered in Grenoble, has announced a significant funding milestone, successfully raising €800 million to accelerate its low-carbon battery manufacturing capabilities across France and Europe. This substantial investment comes with the robust backing of key industry players including EIT InnoEnergy, Groupe IDEC, Schneider Electric, Capgemini, Renault Group, EQT Ventures, Arkema, Tokai COBEX, FMET managed by Demeter, Sibanye-Stillwater, and Plastic Omnium. The funding will be strategically allocated to meet the surging demand for electric vehicles and stationary energy storage solutions within the European market. Verkor is not just manufacturing batteries; it is spearheading a transformative agenda centered around agility, sustainability, and responsible governance, designed to attract world-class talent. As the company prepares to launch its fully digital 4.0 pilot line in 2022, it is laying the groundwork for a gigafactory set to break ground in 2024. This innovative facility will be a model of excellence, competitiveness, and resource efficiency, underlining Verkor's commitment to establishing a comprehensive value chain in Europe while leveraging the collective strengths of its esteemed partners. This funding milestone signifies a pivotal moment for Verkor, propelling its mission forward and further solidifying its position at the forefront of the electric mobility movement. The company continues to seek exceptional talent to join its journey; interested candidates are encouraged to apply through their website.