Amara Raja Energy & Mobility invests in InoBat’s Series C


InoBat‘s Series B Strategic Investor, Amara Raja Energy & Mobility(ARE&M), has made a major investment in the Company’s Series C.

Vikramadithya Gourineni  „Vikram“, Executive Director of AR&M joins InoBat’s Board as Director.  He brings extensive expertise and leadership to InoBat, significantly contributing to our strategic growth and innovation in the battery industry.

Amara Raja Energy & Mobility (ARE&M), is one of the leading battery manufacturers in India with global footprint. ARE&M is present in over 50 countries worldwide.

Vikram leads the Group’s New Energy Vertical, developing the country’s largest R&D facility and Gigafactory for manufacturing advanced chemistry cells and battery packs.

Since joining the Amara Raja Group in 2013, Vikram has served in various capacities, including Managing Director and Chief Executive Officer of Amara Raja Power Systems (ARPSL) and Managing Director of Amara Raja Electronics (AREL). His leadership has been instrumental in transforming these businesses into key pillars of the group.

In addition to his executive roles, Vikram is responsible for the group’s Human Resources and Finance functions, achieving several internal growth metrics and targets. He holds board positions in several group entities, including Amara Raja Power Systems Ltd., Amara Raja Electronics Ltd., and Amara Raja Blaze Technologies Ltd.

Marian Bocek, CEO of InoBat said: „We are excited about the wider collaboration with the Amara Raja Group and having Vikram on our Board.  He has been a friend and ally over the past years and we are grateful for his valuable support, expertise, and insights.  Great to have him on our Board.“

About Amara Raja Energy & Mobility Limited

Amara Raja Energy & Mobility Limited (ARE&M) encompasses a diverse range of solutions and products, which includes energy storage solutions, Lithium-ion cell manufacturing, wide range of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries, among others.

ARE&M is also one of the largest manufacturers of energy storage products for both industrial and automotive applications in India. Amara Raja is the preferred supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways, and the Power, Oil & Gas industry segments. Amara Raja’s industrial battery brands comprise of PowerStack®, AmaronVolt® and Quanta®. The company also manufactures India’s leading automotive battery brands Amaron® and Powerzone, which are distributed through a large pan-India sales & service retail network. The company supplies automotive batteries under OE relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors amongst others. Amara Raja’s Industrial and Automotive Batteries are exported to over 50 countries around the world.

About InoBat

Established in 2019, InoBat is a European battery company based in Slovakia focused on R&D and manufacturing to deliver high performance, customised Batteries.  InoBat’s R&D benefits from its coveted IPCEI award (Important Projects of Common European Interest).  Sector focus for InoBat is Aviation, High Performance Vehicles, Off-Highway specialist batteries, and transportation (buses, delivery vans, 2-wheelers).  InoBat created its C2C (cradle-to-cradle) circular value-chain based on alliances and in line with the UN’s SDG 2030 and the EU Green Deal.  InoBat has projects under development in EMEA countries with its strategic partner Gotion High Tech via its GIB (Gotion-InoBat-Batteries) JV.  InoBat’s investors include IPM Group (original sponsors), Gotion High Tech, Rio Tinto, Amara Raja, Lilium, Slovak Investment Holdings, and Across Private Investments.