FII et al. invest €13.7m in European Batteries

Funding will support the company in moving from early-stage production to industrial production. The resources will also support the building of an international clientele and partnership network.

European Batteries Ltd develops and manufactures large, rechargeable lithium-ion based prismatic cells and battery systems for use in large electric and hybrid vehicles. The company is based in Espoo, employs 70 people and expects to generate a turnover of approximately €15m in 2011.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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