Verkor

Verkor, a French industrial company, is poised to revolutionize battery cell production. Recently, this startup secured a substantial investment of 100 million $118.6 million in a funding round co-led by renowned automotive company Renault and venture-capital firm EQT Ventures. Founded just a year ago and based in Grenoble, Verkor aims to construct a battery factory to cater to major automotive brands worldwide. The newly acquired funds will be utilized to establish a research and development facility in France, dedicated to the creation of high-performance lithium-ion cells, a critical component of electric vehicles.