Verkor - About the company
Verkor is a series C company based in Grenoble (France), founded in 2020 by Sylvain Paineau, Gilles Moreau, Christophe Mille and Olivier Dufour. It operates as a Manufacturer of lithium ion battery cells for electric vehicle mobility. Verkor has raised $1.34B in funding from investors like ING, Societe Generale and EnerSys, with a current valuation of $2.1B. The company has 1573 active competitors, including 164 funded and 132 that have exited. Its top competitors include companies like A123 Systems, QuantumScape and SES Technologies.
Sectors and market segments that Verkor operate in
Verkor serves in the Auto, Energy Tech market segments.The primary business model of Verkor are:Company Details
Manufacturer of lithium ion battery cells for electric vehicle mobility. Production processes focus on the fabrication of energy storage components designed for integration into transportation systems. These battery modules support the transition toward electrified propulsion by providing power storage capacity for automotive applications. The manufacturing operations utilize automated assembly lines to ensure consistent output of energy cells.
- Website
- verkor.com
- Social
- Phone Number
- +33 **********
Key Metrics
Founded Year
2020
Location
Grenoble, France
Stage
Series C
Total Funding
$1.34B in 8 rounds
Latest Funding Round
Post Money Valuation
$2.1B as on Sep 14, 2023
Ranked
20th among 1573 active competitors
Annual Revenue
€50M - €100M as on Dec 31, 2024
Employee Count
998 as on Jul 31, 2026
Similar Companies
Legal entities associated with Verkor
Verkor is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VERKOR CIN: 888047792 , France, Active | Jul 29, 2020 | €50M - €100M (As on Dec 31, 2024) | 143 (As on Dec 31, 2022) | - |
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Verkor's funding and investors
Verkor has raised a total funding of $1.34B over 8 rounds. Its first funding round was on Jun 28, 2021. Its latest funding round was a Series C round on Oct 31, 2024 for an undisclosed amount. 2 investors participated in its latest round. Verkor has 38 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Verkor:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 31, 2024 | Undisclosed | Series C | - | - | - | |
May 25, 2024 | $1.41B | Conventional Debt | - | - | - | |
Sep 14, 2023 | $644M | Conventional Debt | - | - | - |
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Verkor's founders and board of directors
Founder? Claim ProfileHere are the details of Verkor's key team members:
- Sylvain Paineau: Co-Founder of Verkor.
- Gilles Moreau: Former Co-Founder of Verkor.
- Christophe Mille: Co-Founder of Verkor. Contact Info: 1 email address
- Olivier Dufour: Former Co-Founder of Verkor.
View details of Verkor's Founder profiles and Board Members
Verkor's employee count trend
Verkor has 998 employees as of Jul 26. Here is Verkor's employee count trend over the years:
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Verkor's Competitors and alternates
Top competitors of Verkor include A123 Systems, QuantumScape and SES Technologies. Here is the list of Top 10 competitors of Verkor, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1591002989634.png?devicePixelRatio=2&height=30&width=30){kind=logo} A123 Systems 2001, Hangzhou (China), Public | Manufacturer of automotive lithium-ion batteries | $201M | 76/100 | |
2nd |  QuantumScape 2010, San Jose (United States), Public | Developer of solid-state lithium-metal battery technology for electric vehicle applications | $1B | 73/100 | |
3rd | _1591158709139.png?devicePixelRatio=2&height=30&width=30){kind=logo} SES Technologies 2012, Woburn (United States), Public | Developer of Li-Metal batteries and AI-powered battery management solutions | $336M | 72/100 | |
4th | Amprius Technologies 2009, Fremont (United States), Public | Developer of silicon nano-wire-based Li-Ion batteries | $55M | 72/100 | |
5th |  Sunwoda Electronic 1997, Shenzhen (China), Public | Manufacturer of lithium-ion batteries, energy storage systems, and related hardware | - | 71/100 | |
6th | Enovix 2006, Fremont (United States), Public | Battery cells developer for lithium-ion batteries | $220M | 69/100 | |
7th | 24m Technologies 2010, Cambridge (United States), Series H | Developer of battery technology for electric vehicles and energy storage | $500M | 69/100 | |
8th |  Neuron Energy 2018, Mumbai (India), Series A | Manufacturer of lithium-ion batteries for electric vehicles and energy storage | $9.61M | 69/100 | |
9th | Developer of battery solutions for energy security and sustainable e-mobility | $147M | 68/100 | ||
10th |  Contemporary Amperex Technology 2011, Ningde (China), Public | Manufacturer of battery systems for electric vehicles and energy storage | - | 67/100 | |
20th | Manufacturer of lithium ion battery cells for electric vehicle mobility | $1.34B | 68/100 |
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Verkor's Investments and acquisitions
Verkor has made no investments or acquisitions yet.
Reports related to Verkor
Here is the latest report on Verkor's geography:
News related to Verkor
Filter this listMedia has covered Verkor for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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Impact Investor InnoEnergy: Europe to Receive up to €160 Billion in Cleantech InvestmentsTrending Topics•Mar 25, 2025•EIT InnoEnergy, EIT Manufacturing, Freyr Solutions, Stegra and 2 others
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Energy storage firm Verkor attracts EnerSys, ING as investorsRenewables Now•Oct 31, 2024•Verkor, EnerSys, ING Bank
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The French start-up Verkor obtains loans for more than 1.3 billion euros to build its gigafactorypv magazine España•May 28, 2024•Verkor, Abn Amro, AN Support Services India Private Limited, Santander and 12 others
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Battery Manufacturer Verkor Secures $1.4 Billion Green LoanMercom Capital•May 28, 2024•Verkor, Abn Amro, AN Support Services India Private Limited, Santander Bank and 5 others
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EU approves nearly €660 mn in state aid for French battery firm Verkorelectrive.com•Oct 31, 2023•Verkor
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Verkor Secures More Than €2 Billion in FinancingFinSMEs•Oct 03, 2023•Verkor, Macquarie, Meridiam, Renault Group and 7 others
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Raising 15 billion, the most ferocious unicorn was born: breaking national recordPencilNews•Sep 20, 2023•Verkor
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FAQs about Verkor
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