Leclanché and Pinnacle Advance Strategic Partnership for Battery Production

Leclanché, based in Switzerland, has reached a strategic partnership milestone with Pinnacle International Venture Capital. Pinnacle completed the due diligence review, aiming to provide funding through a 50/50 Joint Venture for Leclanché’s battery production. This includes a planned expansion of their production facility in Willstätt, Germany, to up to 2 GWh/yr, and another facility in the Middle East, aiming for similar capacity. The total consideration for share acquisitions could reach CHF 360 million, highlighting their commitment to sustainable energy solutions.