Arkema contributed several million euros to Verkor’s recent €100 million (approximately $118.7 million) round of fundraising.
Arkema recently announced that it has become a shareholder and technological partner of Verkor, a French startup specializing in the production of high-performance batteries. With this investment, Arkema reports that it is strengthening its development in batteries and clean mobility.
Arkema contributed several million euros to Verkor’s recent €100 million (approximately $118.7 million) round of fundraising, which will enable the construction of the Verkor Innovation Center near Grenoble as well as the launch of a gigafactory dedicated to battery production (construction is expected to start in 2023). The Verkor Innovation Center, which should be operational in 2022, will provide a collaborative space to optimize smart industrial processes and create new generations of batteries.