The Batteries raised PLN 35 million, will enter the WSE through a reverse acquasition of Nexity Global

The Batteries announced the closing of round A in the amount of PLN 35 million. The financing comes from the current investor - the Aper Ventures fund, which is the leader of the round, as well as from January Ciszewski and JR Holding (JRH), EIT InnoEnergy and UAB Electronics System. At the same time, JR Holding announced that as a result of joining the Holding and Nexity Global investment agreement, the parties agreed to introduce The Batteries to the Warsaw Stock Exchange (WSE) using the reverse takeover mechanism of Nexity.

Currently, the parties to the investment agreement, initially concluded by the shareholders of The Batteries, are: Aper Ventures Sp. z o.o. S.K.A. ASI, The Batteries and five other corporations and three individuals, the Holding said.

“The Batteries announces the closing of round A in the amount of PLN 35 million. The financing comes from the current investor - the Aper Ventures fund, which is the leader of the round, as well as from January Ciszewski and JR Holding, EIT InnoEnergy and UAB Electronics System. The funds will be allocated to the construction of a production line at the factory in Rzeszów, enabling the sale of safe and environmentally friendly batteries on a global scale. The company also wants to increase the team of engineers responsible for the further development of the breakthrough solid state technology. The total amount of funds raised so far exceeds PLN 50 million, ”reads the announcement by The Batteries.

“The Batteries creates a product that has a wide range of applications, and its market potential is huge. The founders proved that their patented production technology allows to produce safe batteries that are (depending on the use) even 10-200 times cheaper than other companies producing solid state batteries. We believe that in the next few years, each of us, using electronics, will have our battery in his device "- commented Jacek Błoński, managing partner at Aper Ventures, quoted in The Batteries release.

“Difficulties with heavy, relatively low-capacity, and sometimes exploding batteries are a significant barrier to the development of many modern sectors of today's economy. Our latest investment - The Batteries - meets these challenges. A product that is practically ready to be implemented in applications where small but reliable, high-capacity and long-lasting batteries are required is in great demand on the market. Launching production and commercializing the developed solutions will allow you to stay ahead of the competition and take a place on this market with great potential. We always invest in projects with a proven product and a motivated team - we are convinced that this combination also in The Batteries will guarantee the company's success, and thus the investors, ”added the main shareholder and president of JR Holding, January Ciszewski.


JR Holding ASI is a company listed on the NewConnect market since 2012, focusing on investment activities and involvement in companies from the following industries: digital business, renewable energy sources, computer games, medical, biotechnology and modern media. The company has started the process of transferring quotations from NewConnect to the main market of the Warsaw Stock Exchange.

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