The Grenoble start-up Verkor has recorded a colossal fundraising. This will allow it to build its battery factory for electric cars in Dunkirk.
Initially a pioneer in battery technology, Verkor has established itself as an industry leader. The Grenoble start-up confirmed a fundraising of 850 million euros this Thursday. But more impressively, this funding is actually part of a much larger funding round.
The new capital injection into the company is expected to reach a total of two billion euros. The European Investment Bank will add 600 million euros, while state subsidies within the framework of Important Projects of Common European Interest (IPCEI) represent 659 million euros.
The European Commission has yet to validate everything, but the matter seems already settled. It was Emmanuel Macron himself who rushed to make the announcement on social networks this Thursday morning.
Three years after its creation, Verkor has a research and innovation center in Grenoble. On the other hand, its future battery factory for electric cars will be located in Dunkirk. Construction of this is underway, in the same region as the other ‘Gigafactory’ of the Franco-Chinese duo composed of Renault and Envision, and the ACC consortium involving Stellantis.
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Electric car: Verkor will go to Dunkirk for its battery Gigafactory
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