Business Creation
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Verkor

Battery-cell manufacturer for southern Europe

Verkor logo

Rue des Berges 32, 38000 Grenoble, Isère, France

Country:

France

Thematic field:

Energy Efficiency, Energy Storage

Market segment:

Energy storage, Industry, Transport & mobility

The start-up

Verkor is a French industrial company set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and the IDEC Group. The new venture will accelerate the production capacity of low-carbon batteries in southern Europe in order to meet the growing demand for electric vehicles (EVs) and stationary storage.

Batteries. Now. For the future.

The need

The battery electric vehicle market is set to expand significantly over the next few years given stricter EU legislation on CO2/km emissions, decreased total cost of ownership of EV and improved customer experience. In southern Europe, some 100 to 170 GWh of battery cells will be required by 2030.

The solution

Verkor is set to accelerate the production capacity of low-carbon batteries in southern Europe (France, Italy and Spain) to meet the rapidly growing demand for electric vehicles and stationary storage. Production in Verkor’s first Gigafactory is scheduled to begin in 2023 with a capacity of 16 GWh of battery cells, which will then increase to 50 GWh in line with market dynamics.

The value proposition

  • A team of professionals with extensive experience in industry, the automotive sector, battery-cell manufacturing, financing and technological ecosystems.
  • The Gigafactory will be built adopting a fast follower strategy, focusing on process optimisation and extensive digitalisation.
  • Benefits of a southern Europe location include an EU competitive value chain and a strong local industrial ecosystem.
  • An attractive business model, conscious of key societal trends.
  • A focus on reliability, performance and resource-consciousness.

Related News

Capgemini joins Verkor venture to reinforce the European low-carbon battery value chain
Paris, February 4 2021 – Capgemini and Verkor announced today that Capgemini has joined the venture created by Verkor, the French industrial company with a mission to accelerate th… Read More
Capgemini joins Verkor venture to reinforce the European low-carbon battery value chain
Verkor, Europe’s new battery cell producer, begins its industrial journey, backed by EIT InnoEnergy, Schneider Electric and the GROUPE IDEC
Paris, France – 29 July 2020  Verkor, a French industrial company, is set to amplify battery cell production in Europe, with the support of EIT InnoEnergy, Schneider Electric and t… Read More
Verkor, Europe’s new battery cell producer, begins its industrial journey, backed by EIT InnoEnergy, Schneider Electric and the GROUPE IDEC