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23 Nov

Verkor starts construction works for Dunkirk gigafactory

European battery start-up Verkor has started construction works for its future electric batteries gigafactory located in the port of Dunkirk, France. The milestone follows the European Commission’s validation of French support of €659 million ($719m), Kallanish notes. Verkor secured a total of €2 billion for the project. This includes a €850m Series C funding round, €600m debt from the European Investment Bank (EIB) and the €659m sub…
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