# Verkor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verkor

- Industry: Energy Storage & Batteries
- Headquarters: Grenoble, France
- Website: www.verkor.com
- Total disclosed funding: $920M
- Latest round: Series C (Jun 13, 2023)
- Investors on record: 14

## About

Based in Grenoble, France, and founded in 2020, Verkor SAS produces battery cells. The company was founded by Benoit Lemaignan. In May 2024, Verkor raised EUR 1.36 billion in venture debt funding led by returning investor European Investment Bank, with participation from other new investors BN AMRO Bank, Australia and New Zealand Banking Group Limited, Banco Santander, La Banque Postale, Caisse d'Epargne et de Prévoyance Hauts de France, Caisse d'Epargne Rhône-Alpes, Rabobank Group, ING BANK NV, KfW IPEX-Bank, Kommunalkredit, Mizuho Bank, MUFG Bank, Natixis, SMBC Bank International, and Standard Chartered Bank. Returning investor Société Générale Group also participated in the round.

The company produces two types of low-carbon batteries which are pouch cells and cylindrical cells. The cells are then assembled into modules for delivery to clients. The company primarily manufactures high-volume battery cells for electric vehicles and large-scale stationary storage markets.

The company plans to use the  May 2024 funding to support the construction of its gigafactory plant in northern France.

## Funding rounds

- Series C, Jun 13, 2023, $914M — EQT, Macquarie Asset Management, Crédit Agricole Assurances, Meridiam, Bpifrance, Airbridge Equity Partners, InnoEnergy, CMA CGM, Sibanye-Stillwater Limited, ISALT, Renault Group
- Series A, Mar 30, 2021, $5.8M — Capgemini Service SAS, Groupe Idec Invest, InnoEnergy, Schneider Electric Foundries LLC

## Investors

- Capgemini Service SAS — Series A
- Groupe Idec Invest — Series A
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series A, Series C
- Schneider Electric Foundries LLC — Series A
- EQT (https://capitalatlas.ai/funds/eqt) — Series C
- Macquarie Asset Management — Series C
- Crédit Agricole Assurances — Series C
- Meridiam — Series C
- Bpifrance — Series C
- Airbridge Equity Partners (https://capitalatlas.ai/funds/airbridge-equity-partners) — Series C
- CMA CGM — Series C
- Sibanye-Stillwater Limited — Series C
- ISALT (https://capitalatlas.ai/funds/isalt) — Series C
- Renault Group — Series C