The Galway company, which made electric battery packs for off-road vehicles, went into liquidation this year but a legal dispute with truck maker Ayro will move to trial.
The heavy-duty battery pack maker has seen its revenue more than double in the last year and now plans to raise up to €30 million in additional capital to expand further in the US.
By focusing on the heavy equipment niche, the Claregalway battery technology start-up has convinced investors to back its plans for a fully-fledged factory. The sums at stake had remained secret – until now.
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