Macquarie Group, a private equity firm, led a €850m Series C funding round in Verkor, a manufacturer of low-carbon batteries, targeting the electric mobility markets, with participation from Renault Group, Meridiam, Government of France, EQT, EIT InnoEnergy, Credit Agricole, CMA CGM and Bpifrance. "We are very proud to secure more than €2bn to concretise our ambition. Together we’ll bring to life a high performance gigafactory, accelerating a responsible energy transition and transport decarbonisation This global financing solidifies our long- term perspectives and with the renewed commitment of our existing partners, we are now on track to becoming one of the leading European battery manufacturers," Benoit Lemaignan, Verkor CEO.