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SKion takes 20% stake in battery manufacturer BMZ

August 16, 2022

Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ. For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has new projects underway to enhance this area of the business. There is also an interest in the future of energy storage behind the play, with SKion already producing such systems for home and industrial storage, power and garden tools, medical technology, e-mobility and industrial applications. CIN