Verkor: The latest figures, news and market research on Verkor

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Country: France

Company founded in 2020 to develop and manufacture lithium batteries for battery-powered vehicles
The company raised €100 million in 2022

Verkor's strategy to dominate the European electric battery market 18/03/2024

- Verkor gigafactory commissioning: 2025
- Site size: 100,000 square meters on an 80-hectare site
- Employment: 1,200 direct jobs, 3,000 indirect jobs
- Production capacity: batteries for 300,000 electric vehicles per year
- Verkor capital raising: 2 billion euros in September 2023
- Public funding received: €650 million
- Key investors: Renault, Medidiam, Macquarie, Fonds stratégique de participation
- Initial production target: Alpine electric crossover, launch in 2025
- Product positioning: "clean" (low-carbon) batteries for the high-end market

Verkor, the hidden unicorn of French Tech 26/02/2024

Verkor, a start-up specializing in electric batteries, has completed a €2 billion financing round, including €850 million in equity, which has placed it in the unicorn club.
Verkor expects its Dunkirk battery megafactory to be operational by 2025

Automotive: Macquarie to invest half a billion in Verkor and its batteries | Macquarie invests $500 million in Verkor 01/06/2023

Verkor raises over 1.5 billion euros in funds
Investment of 500 million euros by Australian investor Macquarie
Construction of a battery plant in Dunkirk to supply Renault with around 150,000 units a year for a decade
Renault agrees to purchase three quarters of the Gigafactory's output (12 GWh out of 16) for a period of around a decade
Caisse des Dépôts ready to commit 120 million euros

Verkor: Battery plant in Dunkirk 07/05/2023

Commercial agreement between Renault and Verkor for the supply of 12 GWh per year of electric batteries.
Planned capacity of Verkor's gigafactory in Dunkirk: 16 GWh in 2025.
Renault pre-empts three-quarters of production at future Verkor plant.
Verkor to raise €250 million in November 2022 to finance its innovation center in Grenoble.
Investment cost for the construction of the Dunkirk Gigafactory: 1.5 billion euros.
Verkor will produce high-performance batteries for top-of-the-range Renault and Alpine models.
Renault shareholder in Verkor since 2021.
Renault's ambition for Alpine: a family of five premium vehicles by 2024 to 2026.

Renault counts on Verkor for batteries for the next Alpine 13/04/2023

Renault owns more than 20% of Verkor's capital.
Verkor will supply Renault Group with 12 GWh of batteries a year.
This represents three quarters of the production capacity of Verkor's gigafactory in Dunkirk.
The contract is expected to exceed 100,000 to 150,000 batteries per year, over a period approaching a decade.
Verkor needs to raise 1.5 billion euros to finance the construction of the Dunkirk Gigafactory.

Gigafactories: the "battery valley" is taking shape in Hauts-de-France 13/02/2023

France's first ACC electric vehicle battery gigafactory to be built at Billy-Berclau, near Lens (Pas-de-Calais)
1 billion euros investment
The site will employ 1,000 people by 2025
Several other gigafactories will be built in the Hauts-de-France region: Envision AESC in Douai in 2024 (2 billion euros invested) and Verkor in Dunkirk in 2025 (1.5 billion euros)

Verkor raises 250 million euros for its Grenoble innovation center 19/12/2022

Isère-based company specializing in battery production
New €250 million round of financing
Battery plant also planned for Dunkirk
Partners (Demeter and Plastic Omnium) contribute €80 million for acquisition of former Siemens site in Grenoble

Verkor joins forces with Startec Energy to produce high-performance battery packs. 05/07/2022

Start-up founded in 2020 in Grenoble (Rhône-Alpes).
Specialized in the design and production of low-carbon batteries.
Objective: to supply the battery cells, cylindrical or pouch-shaped, that Startec Energy will integrate into its battery packs
Verkor Innovation Centre should be operational by the end of 2022.
Located on a former Schneider Electric site on Grenoble's Presqu'ile, the VIC is intended to "act as a catalyst" for Verkor

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