On January 31, InoBat announced that Slovak Investment Holding (SIH) has decided on a significant strategic investment in the form of a capital increase in the company.
SIH has joined the investors in the ongoing Series C investment round, intending to support sufficient fundraising for InoBat‘s vision. The funding will help in InoBat’s expansion plans. It will advance the finalization of the existing R&D center and pilot production line for batteries in Voderady (Volta I), with battery production scheduled for the first quarter of this year.
The investment will also expedite the construction of the second project phase (Volta II), located adjacent to the existing InoBat facility in Voderady.