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Gimv invests in German energy storage specialist Smart Battery Solutions

Gimv has acquired a majority stake in Smart Battery Solutions GmbH (SBS) based in Kleinostheim near Frankfurt. With Gimv’s support, the company aims to continue its strong growth path in the highly dynamic battery market, to increase its workforce, and to expand its production capacity. Smart Battery Solutions (https://smart-battery-solutions.de/) was founded in 2010 by four industry experts and today employs 50 people. The company develops, manufactures and sells lithium-ion battery systems in the low voltage segment up to 60 volts. The product range covers the entire value chain, from the customer-specific assembly of externally produced batteries to the development and production of intelligent energy storage systems and charging technologies. SBS has also developed a number of proprietary battery management systems that control the operation and safe usage of battery systems.