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14 Sep

Verkor secures €2 billion for Dunkirk battery gigafactory

European EV battery maker Verkor said Thursday it secured over €2 billion ($2.1 billion) in financing. This includes an €850 million Series C funding round, €600 million debt from the European Investment Bank and €650m subsidies from French authorities, Kallanish notes. The financing will fast-track the construction of Verkor’s gigafactory in Dunkirk, the technological developments of the Verkor Innovation Centre (VIC) in Grenoble, and in…
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