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13.06.2023
ORLEN VC invests in technology designed to facilitate reuse of EV batteries
ORLEN VC, Poland’s largest corporate venture capital fund owned by the ORLEN Group, has invested in a state-of-the-art platform enabling the reuse and later recycling of batteries from millions of electric vehicles placed on the market every year. This innovative solution created by Germany’s Circunomics, in which ORLEN VC has become a major shareholder, will help reduce the carbon footprint of electric vehicles by up to 50%. In less than two years since it was launched, ORLEN VC has built a portfolio of eight equity investments, totalling more than PLN 150m.
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