Volklec

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: Undisclosed
• Sector: Industrials & Energy
• Advisor: Not mentioned
• Key Entities: Volklec (Target), Public and Private Funding via DRIVE35 Programme (Investors)
• Location: Coventry, UK

Note: 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.