LION E-Mobility AG: LION Group received a new 10m EUR loan from Raiffeisen Bank International

LION Group received a new 10m EUR loan from Raiffeisen Bank International

Baar (CH), 10 July, 2023 - LION E-Mobility AG, a stock listed company for the production of electrical energy storage systems and lithium-ion battery system technology, announced a 10m EUR loan received from Vienna based Raiffeisen Bank International (RBI) out of its Growth Basket programme.
With this loan RBI supports LION Group to finance its investments in the company’s new production site in South Thuringia, Germany, and finance the operating units in line with this year’s production ramp-up. Also, the loan will assist building-up of additional staff especially in sales for further expanding the business in North America and Europe.
Berlin based investment platform and advisory boutique “Tradition Meets Future” (TMF), LION Group’s finance partner, was instrumental in securing this funding.
“We are glad to receive support from RBI’s Growth Basket. After the successful opening of our production site in South Thuringia this loan is a further add-on to our equity financing. LION E-Mobility AG is well funded to accelerate its growth path”, Alessio Basteri, Chairman of LION E-Mobility, said.
“We are always looking for companies that we can accompany on their growth path. This is why we are very happy to have LION Group on board of RBI’s Growth Basket portfolio”, Konstantin Soustal, Industry Lead Technology of RBI’s Global Corporate Banking, said.
About LION E-Mobility AG:
LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology. The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc., LION Smart North America Inc. and 100% of the German LION Smart Production GmbH.
www.lionemobility.com


Responsible for the press release: Board of Directors LION E-Mobility AG
LION E-Mobility AG
Alessio Basteri
Chairman of the Board
LION E-Mobility Investor Relations
Frank Schönrock
Phone: +49 (0) 1737025315
E-Mail: frank.schoenrock@lionemobility.com | ir@lionemobility.com | www.lionemobility.com

Disclaimer:
Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.