Amara Raja Batteries to invest in InoBat Auto for e-mobility

15 Jan 2022 CW Team

Amara Raja Batteries told the media that it plans to invest in InoBat Auto, a European technology developer and producer of batteries for e-mobility.

In a regulatory filing on December 28, Amara Raja had said that the initiative would require a total investment of 10 million Euros, which comprises a subscription of 0.04% stake and convertible loan in InoBat Auto AS, Norway. The initial investment will provide the firm with a critical foothold in the booming European EV ecosystem, where multiple battery gigafactories are being installed to help the region's determined EV push, as per the company statement.

InoBat specialises in the pioneering research, development, manufacture, and provision of premium innovative electric batteries custom-designed to fulfil the precise needs of customers within the motorsport, commercial vehicle, automotive, and aerospace sectors.

It is presently forming a battery research and development centre and production line in Voderady, Slovakia. The next phase of the project will concentrate on a production scale-up via several gigafactories proposed across Europe and globally. It is supported by a strong consortium of partners, comprising CEZ, one of the significant European Utilities and Rio Tinto, the global mining major, who have invested in the firm.

InoBat has established its capability to create innovative battery technologies in a short period. Its cradle-to-cradle approach helps Amara Raja's plans on sustainability and will assist in tapering long-term dependence on the import of essential raw materials. Combining their strengths will provide Amara Raja with a foothold in the thriving global EV market, Amara Raja Batteries Executive Director Vikram Gourineni told the media.

The firms will explore future opportunities to adapt the advanced battery technology formed by InoBat for markets run by Amara Raja.

Image Source

Also read: Switch Mobility plans investment outlay of $200 million

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Amara Raja Batteries told the media that it plans to invest in InoBat Auto, a European technology developer and producer of batteries for e-mobility. In a regulatory filing on December 28, Amara Raja had said that the initiative would require a total investment of 10 million Euros, which comprises a subscription of 0.04% stake and convertible loan in InoBat Auto AS, Norway. The initial investment will provide the firm with a critical foothold in the booming European EV ecosystem, where multiple battery gigafactories are being installed to help the region's determined EV push, as per the company statement. InoBat specialises in the pioneering research, development, manufacture, and provision of premium innovative electric batteries custom-designed to fulfil the precise needs of customers within the motorsport, commercial vehicle, automotive, and aerospace sectors. It is presently forming a battery research and development centre and production line in Voderady, Slovakia. The next phase of the project will concentrate on a production scale-up via several gigafactories proposed across Europe and globally. It is supported by a strong consortium of partners, comprising CEZ, one of the significant European Utilities and Rio Tinto, the global mining major, who have invested in the firm. InoBat has established its capability to create innovative battery technologies in a short period. Its cradle-to-cradle approach helps Amara Raja's plans on sustainability and will assist in tapering long-term dependence on the import of essential raw materials. Combining their strengths will provide Amara Raja with a foothold in the thriving global EV market, Amara Raja Batteries Executive Director Vikram Gourineni told the media. The firms will explore future opportunities to adapt the advanced battery technology formed by InoBat for markets run by Amara Raja. Image Source Also read: Switch Mobility plans investment outlay of $200 million

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..