The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).

With a lifespan of 20 years, the 26 kWh battery utilises Yoshiba LTO cells and delivers double the power of the previous generation (Pulse 15) with a peak output of 400lW for ten seconds.

End-of-life batteries used to build charging network.

The company announced its 2024 financial results, with revenues down by EUR 19.5 million in 2024 at EUR 151.8 million compared with EUR 171.3 million in 2023.

The company received a general operating permit or ‘ABE’ certificate from the German authorities for its ‘Solar Bus Kit’, a retrofit solution which runs heating, ventilation, and air-conditioning off of solar panels fitted on the roof of the bus.

These batteries will be ZEN LFP manufactured in Chasseneuil-du-Poitou in France and shipped to Turkey where the coach manufacturing is set to take place.

Forsee is set to supply Turkey’s OEM Bozankaya 12 and 18-metre trolleybus models with its ZEN PLUS and PULSE 15 battery systems.

Included in the transaction are a battery systems prototyping facility in Stockholm and a cell production facility in Gdańsk, Poland, which employ a total of approximately three hundred employees.

Since November of last year, Scania has sent employees to the ‘Ett’ plant at Skellefteå in northern Sweden to assist with the ramp-up of cell production, according to a Reuters report.

FAW Jiefang steps up development of New Energy Commercial Vehicles (NECVs).

New facility to supply battery packs for Tata Daewoo Mobility.

For more conventional applications, such as electric vehicles, Microvast says that its solid-state technology could bring greater stability and therefore better performance than any cell currently on the market.