Amara Raja Batteries to invest in InoBat

Chennai: Amara Raja Batteries Limited has announced plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for E-mobility.

According to a press release, the initial investment will give Amara Raja a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region’s determined EV push, including in the UK, which is seeing a rising need to address increasing demand for electric vehicles.

Vikram Gourineni, executive director, Amara Raja Batteries said, ‘We are excited to announce our investment in InoBat, which has proven its capability to develop innovative battery technologies in a short span of time.’