LION E-Mobility AG: continues to accelerate its growth with fresh capital from the current capital increase, accompanied by VTC Capital and CM Equity AG

The new funds in the amount of EUR 3.5 million will be invested to further strengthen the operating subsidiaries and internationalization of LION E-Mobility AG.
 
The market entry in North America under the leadership of the experienced manager Roland Bopp remains an important focus and will be accelerated following the capital increase. Furthermore, in the course of the consistent globalization, the company will now also enter the Chinese market, the world's largest market for EVs and batteries.
In addition, LION E-Mobility AG will continue to invest in the strong growth of its subsidiaries LION Smart GmbH and TÜV SÜD Battery Testing GmbH and will successively expand its product and service portfolio.
 
While LION Smart GmbH has achieved important milestones in the development of our intelligent battery management system and has filed the respective patents, TÜV SÜD Battery Testing GmbH is able to expand its testing facilities, which are close to full capacity now, and therefore can meet the uninterrupted strong demand for battery testing services.
 
The proximity of the operating subsidiaries to the TU Munich enables excellent networking with highly qualified professionals which is a decisive differentiating factor in this fast-growing market. This should help to ensure that all of LION E-Mobility AG's subsidiaries can further expand their leading positions in the race for market share in the growth markets of electrical energy storage.