Arkema Takes Minority Stake in Verkor to Accelerate European Battery Strategy
July 6, 2021
Arkema has taken a minority equity stake in French battery start-up Verkor, contributing several million euros to Verkor’s €100 million funding round to support the development of a Verkor Innovation Center and the build-out of a future gigafactory. The investment positions Arkema as a technological partner to accelerate next‑generation battery development for electric vehicles and stationary storage in Europe.
- Buyers
- Arkema
- Targets
- Verkor
- Industry
- Energy
- Location
- Auvergne-Rhône-Alpes, France
- Transaction Type
- Growth capital
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