Ricardo to Work with InoBat to Provide Battery Systems for High-Performance Automotive Vehicle Electrification Programs

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LONDON–()–As part of its mission to support the decarbonization of the global transportation and energy sectors, Ricardo, a global strategic environmental and engineering consulting firm specializing in niche manufacturing and industrial engineering, signed a memorandum of understanding with InoBat, a pioneer in R&D, engineering, production and recycling of premium electric vehicle batteries, to jointly supply cells, modules and battery packs to high-performance automakers for their electrification programs.

Ricardo and InoBat will cooperate for the assembly, production and testing of cells, modules and complete batteries for a number of high performance automotive applications. Leveraging its expertise in proprietary battery cell R&D and large-scale battery cell production, InoBat will manufacture, test and supply cells. As a globally trusted engineering and manufacturing services partner for clean, efficient and integrated propulsion and power systems, Ricardo will design, assemble and test the batteries and supply them to customers primarily in the high performance automotive market. , but also in other sectors such as aerospace and defense, seeking to accelerate the decarbonization of their products.

Martin Starkey, Managing Director of Ricardo Performance Products, said, “Leveraging our proven track record in industrializing technology, Ricardo is excited to work with InoBat to help establish a strong supply chain for performance components. critical electrification. Ricardo’s future manufacturing strategy is perfectly aligned with this emerging need for electrified vehicle components for high-performance automotive vehicles and other equally demanding applications. By doing so, we will accelerate the adoption of electrification in these critical sectors by providing a robust supply path for key battery products. Additionally, we help contribute to the green rebound through sustainable practices and accelerate net zero ambitions.

Iain Wight, Commercial Director of InoBat, commented, “Ricardo’s long history of innovation and engineering makes it the perfect partner for InoBat. Our complementary capabilities and approach to battery development and production will ensure manufacturers have access to the components they need, when they need them, helping to accelerate the shift to green mobility. I am delighted that we are partnering with a company that shares a philosophy of sustainable development and, through their collaboration, InoBat and Ricardo can help pave the way for a greener future.

This collaboration with InoBat further strengthens Ricardo’s capability in the production and supply of critical components for electric vehicles. In September 2021, Ricardo received funding from the UK government to assess the commercial viability of a battery assembly facility for UK manufacturers producing less than 10,000 electrified vehicles per year. These British electrified vehicle builders included some of the world’s best-known prestige brands that create their luxury cars, special vehicles or off-road machines for a customer base of a few thousand. The economic study was funded by the Advanced Propulsion Center’s Automotive Transformation Fund, supported by the Department of Business, Energy and Industrial Strategy.

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About Ricardo

Ricardo plc is a global strategy, environmental and engineering consultancy, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing nearly 3,000 employees in more than 20 countries, we offer exceptional levels of expertise in delivering cutting-edge and innovative cross-industry sustainable products and solutions. Every day, we enable our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com

About Inobat

InoBat specializes in the research, development, manufacture, supply, recycling and ultimate careful disposal of innovative, custom-designed electric batteries to meet the specific requirements of global consumer and specialty OEMs in the automotive sectors. , utility vehicles, motorsport and aerospace. InoBat offers innovative solutions across the entire value chain thanks to its “cradle-to-cradle” approach, which highlights the concept of circular economy. InoBat is backed by a strong consortium of investors and strategic partners such as Rio Tinto, Amara Raja, Ideanomics, IFC, IPM Group, Matador, AEN, CSG and Across. A European-based battery manufacturer, InoBat already has a battery research and development center and a pilot line under development in Slovakia. InoBat has also been approved for grant funding under the EU sponsored program Important Projects of Common European Interest and has already received a grant from the Slovak government. For more information and news about InoBat, please visit https://inobatauto.eu

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