Havel & Partners has advised the Slovak Investment Holding on its EUR 12 million investment in battery R&D and production specialist Inobat.
The Slovak Investment Holding is a Slovak state-owned joint stock company. Its main mission is to support strategic public and private investments in Slovakia in the areas of infrastructure, energy efficiency, waste management, social economy, and small and medium-sized enterprises.
Inobat is a Slovakian company that specializes in the research, development, and manufacture of batteries and works in three industry verticals: electro-mobility, energy storage, and hydrogen. Back in 2020, it secured EUR 10 million in investment in a round led by the IPM Group and including the CEZ Group and Wildcat Discovery Technologies among others.
According to Havel & Partners, "SIH provided Inobat with an equity investment of EUR 12 million, or approximately CZK 303 million, as part of the Series C investment round. The investment will be fully utilized in Slovakia, specifically in the company's development center and manufacturing plant in Voderady, in the Trnava district. Inobat, which focuses on the automotive, commercial vehicle, motorsport, and aerospace sectors, is expected to manufacture its first batteries in the first quarter of this year."
The Havel & Partners team included Partners Ondrej Majer and Jaroslav Baier and Associate Kristina Saktorova.