French battery start-up Verkor gets €1.3bn for gigafactory
Verkor secures funding for French battery factory.
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Verkor secures funding for French battery factory.
KfW IPEX-Bank as Mandated Lead Arranger is contributing 64 Mio. EUR to a green financing for Verkor within an international consortium of 19 banks. The funds of 1.3 billion EUR will be directly al ...
The financing allows Verkor to fund construction of the plant, which will supply Renault's premium and Alpine electric models among others.
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The financing is said to accelerate the construction of Verkor’s gigafactory, in Dunkirk, technological developments, and investments generating thousands of direct and indirect long-term jobs.