Slovak law firm HAVEL & PARTNERS advised the Slovak state-owned joint stock company Slovak Investment Holding (SIH). SIH has recently become a major investor in InoBat, a company specialising in the research, development and manufacture of batteries for electric vehicles.

SIH provided InoBat with an equity investment of EUR 12 million, or approximately CZK 303 million, as part of the Series C investment round. The investment will be fully utilised in Slovakia, specifically in the company’s development centre and manufacturing plant in Voderady in the Trnava district. InoBat, which focuses on the automotive, commercial vehicle, motorsport, and aerospace sectors, is expected to manufacture its first batteries in the first quarter of this year.

Negotiations on the investment began last summer and lasted until approximately December 2023. The team consisting of the firm’s partners Ondřej Majer, Jaroslav Baier and associate Kristína Saktorová assisted the client both during the legal due diligence and in the negotiation of contractual documentation. 

SIH is a joint stock company, wholly owned by the State. Its main mission is to support strategic public and private investments in Slovakia in the areas of infrastructure, energy efficiency, waste management, social economy, and small- and medium-sized enterprises (SMEs).