Currently, the transport sector is the major contributor to the UK’s greenhouse gas emissions. However, only a little progress has been made to reduce emissions in the past three decades. As a measure, the UK government spearheaded the shift to environmentally-friendly vehicles and is expected to witness a 28% increase in car ownership, rising from 34 million cars owned today to 43.6 million in 2050.
On the similar lines, a French industrial company Verkor based in Grenoble is gearing up to amplify battery cell production in Europe. It eyes to massively accelerate the transition to electric vehicles on the road by building a competitive and sustainable European battery value chain.
Now, the company announced that has secured €100 million (nearly £85.5 million) in funding co-led by EQT Ventures and Renault Group along with participation from the French Government and Auvergne- Rhône-Alpes Region. Also, EIT InnoEnergy, Groupe IDEC, Schneider Electric, Capgemini, Arkema, Tokai COBEX and the Fund for Ecologic Modernisation of Transport (FMET) managed by Demeter participated in…
