Estonian Battery Maker Skeleton Aims to Be Ready for IPO in 2027
- Skeleton Technologies unveils $647 million French investment
- Announcement comes during Macron’s ‘Choose France’ summit
A Skeleton Technologies manufacturing facility in Germany.
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Estonian battery developer Skeleton Technologies is expanding in France as part of a wider strategy to be ready to sell shares on the stock exchange in three years, according to Chief Executive Officer and co-founder Taavi Madiberk.
The company will invest €600 million ($647 million) to build a graphene-based battery-cell plant and research center near Toulouse, in southern France, he told Bloomberg. The site will start production in 2027 and create as many as 300 jobs, he said.