Photo Credit: InoBat Auto

The innovative technology company InoBat Auto is increasingly becoming known to Slovak and foreign investors. The reason is not only its domestic origin but also the several internationally-renowned investors that support it. The latest is Ideanomics Mobility, an American specialist for electric vehicle manufacturers.

The investment will go primarily to the research and development centre and the pilot battery line InoBat in Voderady. The joint activities of both companies want to focus on the design, development, production and distribution of batteries in the US market. The cooperation aims to accelerate the growth of the Ideanomics subsidiaries and offer a manufacturing alternative, especially for customers based in the USA and Europe.

A unique opportunity for Slovak investors

Clients also had a unique opportunity to invest in the InoBat project. According to the company’s CEO Petr Jakubička, this is another important milestone. “We are pleased that, like us and our clients, the world’s biggest players are increasingly expressing their trust in this unique project. After companies such as Rio Tinto, Amara Raja or ČEZ, this is another investment success that will help advance the entire project. We expect InoBat Auto to be a world leader in battery production, research and development in the foreseeable future. Thanks to Across Private Investments, Slovak investors will also be signed under this success. We are pleased that investors have had an exclusive opportunity to enter this project at an early stage.”

Photo Credit: InoBat Auto

The company InoBat Auto has ambitious plans in Slovakia, confirmed by its cooperation with big names in the field of electromobility. It is one of the few European companies operating in the field of the battery business. It differs from its competitors in the way it manufactures its batteries. They want to produce a product that will suit each customer according to their specific needs. It also focuses on providing energy solutions throughout the value chain, including high-capacity energy storage and battery recycling. One of the company’s goals is to build a sustainable and greener future for future generations.

InoBat is currently building a battery research and development centre and production line in Voderady. The building will have R&D laboratories for research and development, offices and a prototype line for the production of batteries. The centre should be completed by the end of 2022.

About Ideanomics

Ideanomics Mobility is a service provider to support the development, production and sale of electric vehicles for commercial fleet operators, through vehicle procurement, financing, leasing and energy management. It manages a wide range of activities for companies, from sales to financing and charging (S2F2C). Ideanomics Capital focuses on fintech solutions in the financial services sector. Together, Ideanomics Mobility and Ideanomics Capital provide customers and partners with cutting-edge technologies and services designed to improve transparency, efficiency and corporate responsibility, as well as offer shareholders the opportunity to participate in activities with high growth potential.

This article was implemented with the financial support of the Ministry of Transport and Construction of the Slovak Republic.