InoBat wins EUR10 million funding from CEZ Group for EV battery R&D and production in Slovakia

Corporate developments

Investment in the form of a loan, which following subsequent additional investment, will have the potential to be converted into shares

InoBat Auto has won a EUR10 million funding from CEZ Group for electric vehicle (EV) battery research and development (R&D) and production in Slovakia, the company announced in a press release on 1 July.

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