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

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

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Real Estate

06 Aug 2026

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Building Material

06 Aug 2026

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..