On Wednesday, Amara Raja Batteries said it plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for e-mobility.
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The initial investment will give the company a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to support the region’s determined EV push, the company said in a statement. However, Amara Raja did not share the financial details.
