Amara Raja increases stake in InoBat with €20 million investment.

Battery manufacturer Amara Raja Energy & Mobility (ARE&M) has made a significant investment of 20 million euros in InoBat AS, acquiring an additional 4.5% equity stake in the Slovak company.

This latest investment brings ARE&M’s total holding in InoBat AS to approximately 9.32%, following a prior investment of 10 million euros.

InoBat AS specializes in the research, development, and production of custom-designed batteries for electric vehicles, catering to the specific requirements of global mainstream and specialist OEMs in the automotive, commercial vehicle, motorsport, and aerospace sectors.

“Our investment in InoBat underscores our commitment to being at the forefront of the energy revolution. InoBat’s innovative approach to battery technology complements our mission to deliver sustainable and cutting-edge energy solutions,” said Vikramadithya Gourineni, Executive Director of Amara Raja.

HBL