Novva, a fast-growing leader in renewable energy, has invested in Slovakia-based battery company InoBat, reinforcing our commitment to accelerating the energy transition across the globe.

The investment was made through Bromo Capital – wholly owned by Novva –which serves as the General Partner and, together with a group of Limited Partners, formed Bromo Capital Fund. In this funding round, Bromo Capital Fund contributed €3 million to InoBat as part of a broader €100 million equity raise.

“Investing in InoBat is a clear extension of Novva's commitment to drive the energy transition. As renewable generation scales, resilient and high-performance battery technology becomes essential to strengthen energy security and unlock modern storage solutions. We are proud to support InoBat's innovation and its next phase of growth.”

- Steven Liu, NOVVA Group CEO

Over the next year, InoBat plans to ramp up production of European-designed high-performance battery cells, start an energy storage business, and prepare a further investment round to support scaling across Slovakia, Serbia, and Spain while expanding into new regions.