In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. The investment came as part of a £15-million (US$18.4-million) round..
/PRNewswire/ Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo.
British company Connected Energy, which builds stationary energy storage systems based on retired electric vehicle batteries, has raised £15 million from five new investors - including Swedish commercial vehicle group Volvo Group. The Volvo Group (not to be confused with carmaker Volvo Cars) alon
A further highly successful round of investment for Connected Energy has secured £15m from five new major investors and will be welcome news to all those keen
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