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Amara Raja to invest in Slovakia-based battery startup InoBat Auto

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Making an initial investment in InoBat will give Amara Raja a key foothold in the thriving European EV ecosystem

Indian battery maker Amara Raja Batteries Ltd plans to invest in Slovakia-based EV battery startup InoBat Auto, the company said on 29 December 2021. Making an initial investment in InoBat will give Amara Raja a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region’s EV push, it said.

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