Amara Raja Energy & Mobility (ARE&M), a battery manufacturer, invested €20 million in InoBat AS, a Slovak company specializing in advanced battery technology. InoBat AS focuses on the research, development, and production of batteries tailored for electric vehicles, serving the specific requirements of global mainstream and specialist OEMs in the automotive, commercial vehicle, motorsport, and aerospace sectors.
The investment is a pivotal move in Amara Raja’s dedication to advancing sustainable energy solutions and expanding its influence in the energy and mobility sectors. InoBat’s cutting-edge battery technology aligns with Amara Raja’s vision for a greener future.
Amara Raja is establishing one of India’s largest gigafactories for manufacturing Li-ion cells and battery packs, with the first phase set to commence operations this year. The investment in InoBat is part of Amara Raja’s broader strategy to extend its reach in the global energy market.
As reported by drivespark.com, by collaborating with InoBat, Amara Raja aims to enhance its technological prowess and provide advanced energy solutions that cater to the evolving demands of various industries. The partnership is anticipated to drive innovation in battery technology and support the global shift towards cleaner energy sources.
