Verkor

What Verkor does

Verkor SAS is a French low-carbon lithium-ion battery cell manufacturer founded in 2020 and headquartered in Grenoble. The company produces pouch and cylindrical NMC battery cells plus co-developed modules targeting automotive OEMs, commercial vehicle manufacturers, stationary energy storage integrators, and off-highway applications. Its core technology stack includes proprietary BIMS (Battery Intelligent Management System), which adapts semiconductor-style sensor/actuator/algorithmic architectures to battery manufacturing, and DROPS (Direct Recycling of Production Scrap), an automated real-time scrap reinsertion system that processes over 95% of production waste. The company operates a two-site industrial model: the Verkor Innovation Centre (VIC) in Grenoble, which houses R&D, a 100–150 MWh pilot line, and a training centre (EDLB), and the Bourbourg/Dunkerque gigafactory inaugurated on 11 December 2025 with initial 16 GWh/year capacity and a stated 2030 target of 50 GWh. The Dunkerque facility is supported by a 12-year EDF nuclear power allocation contract (33 MW, first deliveries 2028) and is currently in final validation before serial production.

Verkor's commercial model is B2B enterprise sales with quote-based, undisclosed pricing negotiated through long-term supply agreements with anchor customers. Renault Group is both a major shareholder (€100M in 2021, part of the 2023 equity round) and the primary anchor customer, with Alpine's A390 electric crossover as the first commercial vehicle program targeted for 2026 deliveries. A prototype and equity partnership with EnerSys extends reach into industrial energy storage and a new cylindrical cell format. Distribution is exclusively direct sales to OEMs and integrators with co-designed module specifications; there is no retail or consumer channel. The company has secured over €3 billion in cumulative funding since 2020 from a mix of industrial partners (Renault, EQT Ventures, Macquarie Asset Management, Meridiam, EnerSys, ING Sustainable Investments, Sibanye-Stillwater, CMA CGM PULSE, Arkema, Tokai COBEX), public institutions (European Investment Bank, Bpifrance, Hauts-de-France Region, France 2030, European Commission Innovation Fund), and a syndicated €1.3 billion bank facility. It is ISO 9001, 14001, and 45001 certified, Next 40 laureate (2023), and reports expected 71.5% GHG reduction versus ICE vehicles through the AGATHE project.

Name

Verkor

Legal name

Verkor SAS

Website

https://www.verkor.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Verkor SAS is a French low-carbon lithium-ion battery cell manufacturer founded in 2020, producing pouch and cylindrical NMC cells and modules for automotive OEMs, commercial vehicles, stationary storage, and off-highway applications from its Grenoble Innovation Centre and Dunkerque gigafactory (16 GWh initial capacity).

Ownership category

akta.pro rank

Product category

EV Battery Cell Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

akta.pro primary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

akta.pro secondary industries

Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Management Systems (BMS) & Pack Electronics Manufacturing (EUAFABAJ)

Keywords

• Lithium-ion batteries
• Electric vehicle batteries
• Battery cell manufacturing
• Energy storage systems
• Gigafactory operations

Headquarters

HQ city

Grenoble

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Battery Cell and Module Sales: Verkor generates revenue through the manufacture and sale of lithium-ion battery cells and modules to automotive OEMs, commercial vehicle manufacturers, and energy storage system integrators. Initial commercialization planned for 2026 with Alpine A390.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Verkor manufactures low-carbon lithium-ion battery cells (pouch and cylindrical formats) and modules for automotive OEMs, commercial vehicle manufacturers, and stationary energy storage system integrators. Products are produced at the Verkor Innovation Centre in Grenoble (R&D and pilot lines) and at the Bourbourg/Dunkerque gigafactory (16 GWh/year initial capacity, targeting 50 GWh by 2030), incorporating proprietary BIMS battery management and DROPS automated scrap recycling technologies. The company secures revenue through long-term supply agreements and co-developed cell formats tailored to customer specifications for power, energy, durability, and cost.

Product overview

Verkor is a French battery manufacturer producing low-carbon lithium-ion battery cells and modules for electric vehicles and stationary energy storage. The company operates a two-site model: the Verkor Innovation Centre (VIC) in Grenoble for R&D, pilot production (100-150 MWh), and training; and the Gigafactory in Bourbourg/Dunkirk for large-scale manufacturing with initial 16 GWh capacity (targeting 50 GWh by 2030). Product portfolio includes pouch cells and cylindrical cells with advanced features like BIMS (Battery Intelligent Management System) and DROPS (Direct Recycling of Production Scrap) technologies. The company also operates Verkor.io (US subsidiary) developing AI platforms (Design Conductor, Conductor 2.0) and silicon IP (VerTQ) for AI acceleration and chip design automation. Applications span passenger vehicles, commercial vehicles, stationary storage, and off-highway mobility.

Differentiator

Problem solved

Functional benefit

Products and services

• Verkor Pouch Cell Technologically advanced lithium-ion pouch cell battery with end-to-end cell traceability for visibility and predictive diagnosis. Offers high power through low internal resistance, high energy density, and superior durability with high cyclability while maintaining fast charge capability. Designed for automotive, commercial vehicle, energy storage, and off-highway applications.
• Verkor Cylindrical Cell Innovative cylindrical battery format designed to push cell performance limits in electrical and thermal conductivity while enhancing safety levels. Complements pouch cell offerings for diverse application requirements across automotive, commercial, and stationary storage use cases.
• Verkor Battery Modules Battery systems available in a wide range of voltages for flexible and versatile applications. Features advanced technology retaining maximum energy density through modern engineered integration. Co-designed and co-developed with stakeholders according to volume, power, energy, safety, cost, and durability specifications for automotive, commercial vehicle, energy storage, and off-highway mobility buyers.

Quantifiable outcome

• 4-5x smaller carbon footprint compared to batteries manufactured in China
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

14 partnerships are on record, tiered core and minor.

• EDFcoreStrategic or Co-development Partner · 3 December 202512-year Nuclear Power Allocation Contract (CAPN) securing low-carbon electricity supply for Verkor's Gigafactory. EDF will allocate a share of its operating nuclear fleet capacity reaching 33 MW to Verkor, with cost and risk-sharing based on actual production volumes. First deliveries scheduled to begin in 2028.
• EIT InnoEnergycoreStrategic or Co-development PartnerEuropean sustainable energy investor and partner supporting Verkor through innovation funding and ecosystem development.
• Groupe IDECcoreStrategic or Co-development PartnerIndustrial real estate and development partner for Gigafactory construction and development.
• Schneider ElectriccoreStrategic or Co-development PartnerPartner for energy management and automation solutions in Gigafactory operations.
• CapgeminicoreStrategic or Co-development PartnerDigital transformation and technology consulting partner for Industry 5.0 manufacturing systems.
• ArkemaminorStrategic or Co-development PartnerMaterials science partner for advanced battery materials development.
• Tokai COBEXminorStrategic or Co-development PartnerCarbon and graphite materials supplier for battery electrode development.
• Sibanye-StillwaterminorStrategic or Co-development PartnerMining and metals partner for critical raw materials sourcing in battery supply chain.
• Plastic OmniumminorStrategic or Co-development PartnerAutomotive equipment partner for battery module and pack integration development.
• RTEcoreStrategic or Co-development PartnerFrench electricity transmission grid operator partnership for Gigafactory electricity infrastructure connection.
• EnerSyscoreStrategic or Co-development PartnerWorld leader in energy storage solutions made equity investment and entered prototype agreement to produce ENS1 li-Ion battery cells using new format developed at Verkor's Grenoble center.
• UpcellAlliancecoreStrategic or Co-development PartnerNot-for-profit association co-founded by Verkor and partners to create a European ecosystem of equipment manufacturers along the battery value chain.
• BATMASS ConsortiumminorStrategic or Co-development PartnerEuropean project to establish first circular battery valley in Europe for second life, recycling, and re-manufacturing. Project grant of €9.765 million, 42-month duration.
• GIGABAT ConsortiumminorStrategic or Co-development PartnerEuropean project supporting high-performance, sustainable, and competitive battery value chain with focus on GEN3b lithium-ion technologies. Project grant of €7.999 million.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Northvolt: Swedish lithium-ion battery cell manufacturer building gigafactories in Europe with a similar low-carbon positioning and target customer base of European automotive OEMs. Most direct comparable to Verkor in terms of product (NMC cells), geography, and mission, though Northvolt entered Chapter 11 restructuring in late 2024.
• ACC (Automotive Cells Company): Stellantis, Mercedes-Benz and TotalEnergies joint venture building gigafactories in France and Germany to supply European OEMs with lithium-ion battery cells. Direct competitor for the same Renault/Stellantis/European OEM customer wallet and overlapping French regulatory backdrop.
• AESC (Envision AESC): Global battery manufacturer with announced gigafactories in France (Douai) and the UK to serve Renault and other European OEMs. Competes head-to-head with Verkor on NMC cells for the same European automotive customer base.
• PowerCo (Volkswagen Group): Volkswagen's captive battery subsidiary building gigafactories in Salzgitter, Valencia and St. Thomas to supply VW Group EVs. Direct competitor for European OEM cell supply with comparable scale ambitions (40+ GWh per site by end of decade).

Broad incumbents

• LG Energy Solution: One of the world's largest lithium-ion battery manufacturers with established cell plants in Europe (Poland) supplying European OEMs. Broad incumbent with overlapping automotive cell offering though operating at materially larger scale and broader global footprint than Verkor.
• Samsung SDI: Global lithium-ion battery manufacturer supplying European OEMs (including BMW and Stellantis JV 'StarPlus Energy') from plants in Hungary. Competes with Verkor for the same Tier-1 European OEM cell contracts at much larger scale.
• CATL: World's largest EV battery manufacturer by volume, recently localizing in Europe via plants in Germany and Hungary. Sets the global price benchmark and competitive ceiling for European players including Verkor.

Emerging players

• FREYR Battery: US-headquartered battery developer with planned European gigafactories (Norway/Gøteborg) targeting automotive and stationary storage customers. Comparable scale ambition and timing to Verkor though with different chemistry and customer focus.
• Morrow Batteries: Norwegian battery cell manufacturer building a gigafactory in Arendal targeting European automotive and ESS customers. Similar emerging-stage European peer with comparable NMC/LFP product portfolio and customer overlap.

Others

• EnerSys: Global industrial battery leader and Verkor investor/strategic partner (ENS1 prototype agreement). Comparable as a downstream customer/partner in stationary and industrial energy storage rather than a direct cell competitor for automotive.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/verkor
• Instagraminstagram.com/verkor_sas
• Xx.com/verkorsa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds8 records

Investors42 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verkor