InoBat Invests In EV Charging Systems Maker AgeVolt: Report

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  • It added that AgeVolt is creating the potential for car parking space owners to share chargers with the public on their own terms
  • Asset Manager IPM Group and Venture to Future Fund have also invested in AgeVolt

As per a report by Reuters, Electric vehicle battery maker InoBat has invested in Slovakia-based charging systems specialist AgeVolt. It said that AgeVolt enables chargers to be installed using existing electrical connection over building new connections, while announcing InoBat’s 600,000 euro ($713,280) investment.

It added that AgeVolt is creating the potential for car parking space owners to share chargers with the public on their own terms. AgeVolt also has a charging solution for apartment neighborhoods and urban residential areas with limited access to parking.”

Total investment in AgeVolt comes to 1.2 million euros

Asset Manager IPM Group and Venture to Future Fund have also invested in AgeVolt. Together with Slovakia-based InoBat, their total investment in AgeVolt comes to 1.2 million euros.

Venture to Future Fund (VFF) is a joint initiative of the European Investment Bank (EIB) and Slovakia. IPM Group focuses on investments in InfraTech, which connects infrastructure and technologies that aim to tackle climate change.

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