French startup Verkor today announces that it has raised €100 million in funding.
Verkor was founded in 2020 with the sole ambition of fast-tracking low‑carbon battery production in France, to serve the European market. With a team of international experts in the battery sector, Verkor strives for manufacturing excellence by optimizing proven technology. The fresh funds will support the company’s expansion and trigger the construction of the Verkor Innovation Centre (VIC) where the advanced battery cells and modules will be designed to support Europe’s net-zero goals
Verkor’s CEO Benoit Lemaignan said: “We are honoured to have shareholders of such high quality onboard with us. I want to thank our team for what we have achieved together in less than a year of existence. Our new shareholding structure totally reflects our ambition: an end-to-end approach to battery manufacturing, each of us focusing on what we do best while cross-fertilising our expertise.”