Gimv invests in Smart Battery Solutions, energy storage specialist.

Gimv, investment management company, has acquired a majority stake in Smart Battery Solutions. Financial terms were not disclosed. Smart Battery Solutions develops, manufactures and sells lithium-ion battery systems in the low voltage segment up to 60 volts. Smart Battery Solutions' product range is used in a variety of mobility applications, including e-bikes, e-scooters, watercraft and drones. With Gimv’s support, the company aims to continue its strong growth path in the highly dynamic battery market, to increase its workforce, and to expand its production capacity. "SBS is known by its customers for its agility, flexibility, and a high degree of technical competence to meet even the most complex customer requirements. The company is an excellent fit for our Smart Industries platform, in which we aim to support technology-oriented companies with above-average growth ambitions to develop into market-leading positions in their niches." Ronald Bartel, Gimv Partner.