Volklec

Investor: Public and Private Funding via DRIVE35 Programme

Battery cell manufacturer Volklec has successfully secured a new investment package, comprising both public and private funding, to accelerate its industrial growth plans and expand its domestic production capacity within the UK.Summary of transaction details:Value: UndisclosedSector: Industrials & EnergyAdvisor: Not mentionedKey Entities: Volklec (Target), Public and Private Funding via DRIVE35 Programme (Investors)Location: Coventry, UKNote: This investment is aimed at supporting Volklec's significant expansion, facilitating its progression from early-stage power cell production to large-scale manufacturing, including the development of a 10GWh gigafactory, thereby strengthening the UK's battery production capabilities.