Ideanomics, a Chinese-US fintech and sustainable transport company based in New York has invested in the Slovakian battery specialist InoBat.
The investment sum has not been disclosed but the sum should support the completion of InoBat’s R&D centre and pilot battery plant in Voderady, Slovakia, by the end of 2022.
The Slovakian company is reportedly planning a 100 MWh pilot production facility in Voderady and a 10 GWh factory from 2024. Some of the manufacturing equipment will be supplied by the German factory machine manufacturer Manz. InoBat presented its “intelligent” battery cell in 2020.
InoBat’s cells combine artificial intelligence (AI) with High Throughput (HTP) technology. HTP is a screening method from pharmaceutical research that can be used to carry out tests on a wide range of substances. Then applying AI, InoBat finds the most promising cell chemistry for the respective customer application.
Ideanomics and InoBat also want to work together to develop, produce and sell integrated battery pack solutions for the US market. Ideanomics says these will be both standardised packs and customised batteries.
Ideanomics has recently made a number of acquisitions in the electric mobility sector. In the summer of 2021, the company acquired electric utility vehicle manufacturer Via Motos, and before that Ideanomics took over US Hybrid (electric drive components and fuel cells), Solectrac (e-tractors) and Wave (inductive charging systems). Ideanomics has now also increased its stake in the electric motorcycle manufacturer Energica to 70 per cent.
Ideanomics says of the collaboration that it should accelerate Ideanomics subsidiaries’ continued growth and deliver potential revenue opportunities targeting other US commercial EV fleet customers.