EM Group
Ludviginkatu 3-5 A, Helsinki, Uusimaa, 00130, Finland
Overview
EM Group is a Finnish family-owned company that develops and owns electrical. Our most important subsidiary is Ensto. The group companies operate in 20 countries and employ some 1700 people. The group turnover is approximately 250 million euros. www.emgroup.fi
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- European Batteries
Participated · Equity · Jan 2011
European Batteries Ltd develops and manufactures large, rechargeable lithium-ion prismatic cells and battery systems. Its batteries are used as energy sources in large electric and hybrid vehicles (buses and delivery vans), heavy industrial machines, ships, reserve power systems and large-scale energy storage. The company started production of prismatic cells and battery systems at its Varkaus manufacturing unit in autumn 2010 and currently employs some 70 people across Espoo, Tuusula and Varkaus. Led by CEO Jukka Koskinen, European Batteries recently raised equity financing to accelerate its plans. It intends to use the proceeds to move from early-stage production to industrial production, expand internationally and extend its partnership network. The financing is positioned to support scaling of manufacturing and international expansion.
Team
No current team members are available.