Inobat Auto, a “premium battery technology and manufacturing company”, has received a €10 million (£8.35m) investment from Ideanomics, an American EV group that specialises in commercial fleet operations.
The deal values Inobat at the mid-hundreds of millions of pounds.
The Ideanomics cash injection follows similar deals that mining conglomerate Rio Tinto and Indian battery group Amara Raja made with Inobat late last year.
