Čez Group supplied convertible note financing as part of an $11.2m round for InoBat Auto, which plans to build an electric vehicle battery factory.
InoBat Auto, a Slovakia-based startup developing manufacturing facilities for electric vehicle (EV) batteries, received €10m ($11.2m) in funding from investors including energy utility Čez Group yesterday.
Asset management firm IPM Group led the round, which also featured advanced battery researcher Wildcat Discovery Technologies and undisclosed additional investors. Čez provided its share in the form of convertible note financing.
Formed in October 2019, InoBat Auto intends to build a Gigafactory in its home country to manufacture batteries for EVs that will…
