Providing 240,000 electric vehicles with cutting edge batteries by 2024
The startup will contribute to Bratislava’s recognition as an innovative and automotive city. Moreover, the startup will help attract numerous clients to Bratislava, who will contribute both to the automotive and meetings industry. The new capital will fund the development of a “first-of-its-kind” R&D centre and 100 MWh production line in Slovakia. InoBat acquired the site in Voderady last month; construction will begin later this year, with the first batteries ready for distribution in 2021. The company is also planning to build a 10 GWh gigafactory with the potential to provide 240,000 electric vehicles with “cutting edge, bespoke batteries” by 2024.
BRATISLAVA MOTOR CITY CONTINUES TO DEVELOP
Together with InoBat Auto, Bratislava Motor City will continue to develop, attract new companies and contribute to the regional meetings industry. Supplying such customised batteries is made possible thanks to a partnership with investor Wildcat Discovery Technologies. The Californian energy company will supply ‘high throughput’ (HTP) R&D technology, which tests multiple variations of battery chemistry and uses AI to select a composition that best suits the auto manufacturer. As a result, customised batteries could be produced cost-effectively and at scale.