Slovak battery maker InoBat raises 100 million euros in latest funding round


FILE PHOTO: A view of a machine at the battery production unit of Inobat, a Slovakian battery manufacturer in Voderady, Slovakia, December 11, 2024. REUTERS/Lisa Leutner/File Photo

(Reuters) - Slovak battery maker InoBat has raised 100 million euros ($104 million) in its latest funding round backed by its Chinese partner, battery cell maker Gotion High Tech, it said on Friday.

The funding round, the largest ever for a technology company in Slovakia, also included contributions from the country's sovereign wealth fund, Lilium, Bromo Capital, IPM Group and Cielo Capital, and complemented an investment from strategic investors Amara Raja and Rio Tinto, it said.

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