Thai energy giant Bangchak invests in California's EV battery firm

Thai energy giant Bangchak invests in California's EV battery firm

Photo: Enevate

Thailand’s alternative energy giant Bangchak Corporation Pcl has invested an undisclosed amount in California-based innovative battery technology developer Enevate Corp, according to an announcement.

The investment has been made through Bangchak Initiative and Innovation Center (BiiC), which earlier had said that it would allocate a budget of over 300 million baht ($9.5 million) to invest in startups globally.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter