Paris – 24 May 2024 – Verkor secures over 1.3 billion euros in green financing with the support of 16 commercial banks and 3 public banks. These funds will be directly allocated to the construction and financing of Verkor's first Gigafactory located in Dunkirk, with an initial production capacity of 16 GWh/year. With this new transaction, the total amount of financing secured by Verkor for its first Gigafactory and the Verkor Innovation Centre peaks at more than 3 billion euros. This additional financial support solidifies the trust of the banking partners in the impact of Verkor’s project to provide low-carbon,…

Dunkirk – 16 November 2023 – Verkor, joined by the Prime Minister and other members of Government, laid the foundation stone of its Gigafactory aimed to produce low carbon, high-performance electric batteries for sustainable mobility. An event made possible by the European Commission’s validation of French support of 659 million euros for Verkor's development activities and direct and indirect support for the project of up to €600 million from the European Investment Bank, subject to final approval, as part of the €2 billion financing package announced by Verkor last September. In the presence of Prime Minister Elisabeth Borne, Minister of…

  14 September 2023 – Verkor secures more than €2 billion in financing following the signing of a minimum of €850m Series C funding1 , approval of European Investment Bank for €600m debt support and French subsidies for an amount around €650m, subject to final approval by the European Commission. This financing will accelerate: the construction of Verkor’s first gigafactory, in Dunkirk, and the manufacture of highperformance low-carbon battery cells, ongoing technological developments at the Verkor Innovation Centre (VIC) for new manufacturing technologies and new state-of-the-art product, strategic investments across the battery value chain, thereby generating thousands of direct and…