Verkor valuation, funding and investors

Verkor works in lithium-ion battery design and manufacturing, based in Grenoble, France. Founded in 2020, it has about 993 employees.

Batteries Grenoble Growth Equity

VALUATION · TODAY

$9.76B −29% after Growth

Range $3.52B – $13.85B · Grade C

TODAY

+12 MO

$5.00B

$10.00B

$15.00B

2021

2022

2023

2024

2025

2026

2027

Series A $119M

Series B $22.4M

Growth $250M

Series C $912M

Growth $1.40B

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY993 employees

+7%6m growth

+32%1y growth

+116%2y growth

500

1,000

1,500

TODAY

Predicted in 1 yr $6.98B −29% vs today

Predicted next raise $958M if a round comes

Winding-down probability 0%

Last round: Growth · $1.40B · May 2024
Valuation at last round: $7.46B · implied
Headcount: 993 · up
Grade: C
Founded: 2020

How VCMC values companies →

Verkor valuation today

VCMC values Verkor at $9.8B today, with a range of $3.5B to $13.9B and a grade of C. The valuation starts from its last funding round, a growth round in May 2024.

Valuation by date (88 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Verkor: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2020	$10.2M	$3.72M – $28.1M	$11.4M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$10.3M	$3.75M – $28.3M	$11.5M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$10.4M	$3.78M – $28.6M	$11.6M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$10.5M	$3.82M – $28.8M	$11.7M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$10.6M	$3.85M – $29.1M	$11.8M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$10.7M	$3.89M – $29.3M	$11.9M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$10.8M	$3.92M – $29.6M	$12.0M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$10.9M	$3.96M – $29.9M	$12.1M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$11.0M	$3.99M – $30.1M	$12.2M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$11.1M	$4.03M – $30.4M	$12.3M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$11.2M	$4.07M – $30.7M	$12.4M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$11.3M	$4.10M – $31.0M	$12.6M (+11%)	before first round	–	unknown	D	0%
1 Jan 2021	$9.96M	$3.62M – $27.3M	$11.1M (+11%)	before first round	7	unknown	D	0%
1 Feb 2021	$10.0M	$3.66M – $27.6M	$11.2M (+11%)	before first round	7	unknown	D	0%
1 Mar 2021	$10.1M	$3.69M – $27.8M	$11.2M (+11%)	before first round	7	unknown	D	0%
1 Apr 2021	$10.2M	$3.72M – $28.1M	$11.3M (+11%)	before first round	7	unknown	D	0%
1 May 2021	$10.3M	$3.75M – $28.3M	$11.4M (+11%)	before first round	7	unknown	D	0%
1 Jun 2021	$10.4M	$3.79M – $28.6M	$11.5M (+10%)	before first round	7	unknown	D	0%
1 Jul 2021	$605M	$398M – $1.7B	$1.1B (+80%)	after a round	7	unknown	C	0%
2 Jul 2021	$606M	$398M – $1.7B	$1.1B (+80%)	after a round	7	unknown	C	0%
1 Aug 2021	$636M	$398M – $1.7B	$1.1B (+71%)	after a round	7	unknown	C	0%
1 Sep 2021	$669M	$398M – $1.7B	$1.1B (+63%)	after a round	7	unknown	C	0%
1 Oct 2021	$702M	$398M – $1.7B	$1.1B (+55%)	after a round	7	unknown	C	0%
1 Nov 2021	$738M	$398M – $1.7B	$1.1B (+48%)	after a round	7	unknown	C	0%
1 Dec 2021	$774M	$398M – $1.7B	$1.1B (+41%)	after a round	7	unknown	C	0%
1 Jan 2022	$814M	$398M – $1.7B	$1.1B (+34%)	after a round	7	unknown	C	0%
1 Feb 2022	$855M	$398M – $1.7B	$1.1B (+27%)	after a round	7	unknown	C	0%
1 Mar 2022	$147M	$96.4M – $335M	$220M (+50%)	after a round	82	growing	C	0%
2 Mar 2022	$147M	$96.4M – $335M	$220M (+50%)	after a round	82	growing	C	0%
1 Apr 2022	$152M	$96.4M – $335M	$220M (+45%)	after a round	82	growing	C	0%
1 May 2022	$157M	$96.4M – $335M	$220M (+40%)	after a round	82	growing	C	0%
1 Jun 2022	$163M	$96.4M – $335M	$220M (+35%)	after a round	82	growing	C	0%
1 Jul 2022	$168M	$96.4M – $335M	$220M (+31%)	after a round	82	growing	C	0%
1 Aug 2022	$174M	$96.4M – $335M	$220M (+27%)	after a round	82	growing	C	0%
1 Sep 2022	$180M	$96.4M – $335M	$220M (+22%)	after a round	82	growing	C	0%
1 Oct 2022	$186M	$96.4M – $335M	$220M (+18%)	after a round	82	growing	C	0%
1 Nov 2022	$193M	$96.4M – $335M	$220M (+14%)	after a round	82	unknown	C	0%
8 Nov 2022	$966M	$680M – $1.5B	$1.1B (+10%)	after a round	82	unknown	B	0%
1 Dec 2022	$972M	$680M – $1.5B	$1.1B (+9%)	after a round	82	unknown	B	0%
1 Jan 2023	$979M	$680M – $1.5B	$1.1B (+8%)	after a round	82	unknown	B	0%
1 Feb 2023	$987M	$680M – $1.5B	$1.1B (+8%)	after a round	82	unknown	B	0%
1 Mar 2023	$995M	$680M – $1.5B	$1.1B (+7%)	after a round	82	unknown	B	0%
1 Apr 2023	$1.0B	$680M – $1.5B	$1.1B (+6%)	after a round	220	growing	B	0%
1 May 2023	$1.0B	$680M – $1.5B	$1.1B (+5%)	after a round	220	growing	B	0%
1 Jun 2023	$1.0B	$680M – $1.5B	$1.1B (+4%)	after a round	220	growing	B	0%
1 Jul 2023	$1.0B	$680M – $1.5B	$1.1B (+3%)	after a round	220	growing	B	0%
1 Aug 2023	$1.0B	$680M – $1.5B	$1.1B (+3%)	after a round	220	growing	B	0%
1 Sep 2023	$1.0B	$680M – $1.5B	$1.1B (+2%)	after a round	220	growing	B	0%
15 Sep 2023	$2.1B	$1.8B – $3.1B	$2.7B (+30%)	after a round	220	unknown	A	0%
1 Oct 2023	$2.1B	$1.8B – $3.1B	$2.7B (+28%)	after a round	300	growing	A	0%
1 Nov 2023	$2.2B	$1.8B – $3.1B	$2.7B (+26%)	after a round	300	growing	A	0%
1 Dec 2023	$2.2B	$1.8B – $3.1B	$2.7B (+23%)	after a round	300	growing	A	0%
1 Jan 2024	$2.3B	$1.8B – $3.1B	$2.7B (+20%)	after a round	300	growing	A	0%
1 Feb 2024	$2.3B	$1.8B – $3.2B	$2.8B (+19%)	after a round	330	growing	A	0%
1 Mar 2024	$2.4B	$1.8B – $3.3B	$2.9B (+18%)	after a round	370	growing	A	0%
1 Apr 2024	$2.5B	$1.8B – $3.3B	$2.9B (+15%)	after a round	370	growing	A	0%
1 May 2024	$2.6B	$1.8B – $3.3B	$2.9B (+12%)	after a round	370	growing	A	0%
25 May 2024	$7.5B	$5.3B – $11.6B	$8.2B (+10%)	after a round	370	growing	B	0%
1 Jun 2024	$7.5B	$5.3B – $11.6B	$8.2B (+10%)	after a round	370	growing	B	0%
1 Jul 2024	$7.5B	$5.3B – $11.6B	$8.2B (+9%)	after a round	450	growing	B	0%
1 Aug 2024	$7.6B	$5.3B – $11.7B	$8.2B (+8%)	after a round	460	growing	B	0%
1 Sep 2024	$7.7B	$5.3B – $11.7B	$8.2B (+8%)	after a round	460	growing	B	0%
1 Oct 2024	$7.7B	$5.3B – $11.7B	$8.2B (+7%)	after a round	460	growing	B	0%
1 Nov 2024	$8.0B	$5.6B – $12.3B	$8.7B (+9%)	after a round	580	growing	B	0%
1 Dec 2024	$8.1B	$5.6B – $12.3B	$8.7B (+7%)	after a round	580	growing	B	0%
1 Jan 2025	$8.2B	$5.6B – $12.3B	$8.7B (+6%)	after a round	580	growing	B	0%
1 Feb 2025	$8.3B	$5.6B – $12.3B	$8.7B (+5%)	after a round	580	growing	B	0%
1 Mar 2025	$8.4B	$5.6B – $12.3B	$8.7B (+4%)	after a round	580	growing	B	0%
1 Apr 2025	$8.5B	$5.6B – $12.3B	$8.7B (+2%)	after a round	580	growing	B	0%
1 May 2025	$8.6B	$5.6B – $12.3B	$8.7B (+1%)	after a round	580	growing	B	0%
1 Jun 2025	$8.7B	$5.5B – $12.3B	$8.7B (0%)	after a round	580	growing	B	0%
1 Jul 2025	$8.7B	$5.5B – $12.3B	$8.7B (0%)	after a round	580	growing	B	0%
1 Aug 2025	$9.5B	$6.0B – $13.4B	$9.5B (0%)	after a round	860	growing	B	0%
1 Sep 2025	$9.5B	$5.9B – $13.4B	$9.5B (0%)	after a round	860	growing	B	0%
1 Oct 2025	$9.2B	$5.7B – $13.0B	$9.2B (0%)	after a round	751	growing	B	0%
1 Nov 2025	$9.2B	$5.7B – $13.0B	$9.2B (0%)	after a round	751	growing	B	0%
1 Dec 2025	$9.2B	$5.6B – $13.0B	$9.2B (0%)	after a round	751	growing	B	0%
1 Jan 2026	$9.2B	$5.6B – $13.0B	$9.2B (0%)	after a round	751	growing	B	0%
1 Feb 2026	$9.6B	$5.8B – $13.7B	$9.6B (0%)	after a round	932	growing	B	0%
1 Mar 2026	$9.6B	$5.8B – $13.7B	$9.6B (0%)	after a round	932	growing	B	0%
1 Apr 2026	$9.6B	$5.7B – $13.7B	$9.6B (0%)	after a round	932	growing	B	0%
1 May 2026	$9.7B	$5.7B – $13.8B	$9.7B (0%)	after a round	961	growing	B	0%
1 Jun 2026	$9.7B	$4.1B – $13.8B	$9.7B (0%)	after a round	961	up	C	0%
1 Jul 2026	$9.7B	$4.0B – $13.8B	$9.7B (0%)	after a round	961	up	C	0%
1 Aug 2026	$9.8B	$3.9B – $13.8B	$9.7B (-1%)	after a round	990	up	C	0%
1 Sep 2026	$9.8B	$3.7B – $13.8B	$9.7B (-1%)	after a round	990	up	C	0%
1 Oct 2026	$9.8B	$3.6B – $13.9B	$9.7B (-1%)	after a round	993	up	C	0%
24 Oct 2026	$9.8B	$3.5B – $13.9B	$7.0B (-29%)	after a round	993	up	C	0%

Key facts about Verkor

Founded: 2020
Headquarters: Grenoble, France
Employees: about 993 +32% in a year
Total raised: $3.40B
Funding rounds: 6
Last round: Growth Equity May 2024

Verkor was founded in 2020 by Benoit Lemaignan, Christophe Mille and Philippe Chain.

Verkor funding history

Verkor has 6 funding rounds on record, from Jul 2021 to May 2024, $3.40B in total. The latest disclosed valuation is $2.10B post-money (Series C, Sep 2023).

Growth Equity 24 May 2024
With European Investment Bank, BpiFrance, ING Bank N.V., Banco Santander, ABN AMRO Bank, Australia and New Zealand Banking Group Limited, La Banque Postale, Caisse d’Epargne et de Prévoyance Hauts de France, Coöperatieve Rabobank, KfW IPEX-Bank, Kommunalkredit Austria, Mizuho Bank, MUFG Bank, Natixis, SMBC Bank International, Société Générale, Standard Chartered Bank, Banque des Territoires, Caisse des Dépôts.
Sources: verkor.com, ess-news.com, techfundingnews.com
$1.40B
Series C 14 Sep 2023
Led by Macquarie; with Meridiam, Renault Group, EQT Ventures, InnoEnergy, Sibanye-Stillwater, Bpifrance, Crédit Agricole Assurances, ISALT, PULSE, the CMA CGM Energy Fund, Airbridge Equity Partners.
Sources: verkor.com, innoenergy.com, macquarie.com and 3 more
$912M
$2.10B post-money
Grant 14 Sep 2023no round page
With French State, Hauts-de-France region, Dunkirk urban community.
Sources: verkor.com, techcrunch.com
$697M
Growth Equity 7 Nov 2022
With IDEC Groupe, Sibanye Stillwater, Bpifrance, SE Ventures, Demeter, Plastic Omnium, Societe Generale, Siemens, European Investment Bank.
$250M
Series B 1 Mar 2022
Led by Plastic Omnium.
$22M
Series A 1 Jul 2021
Led by EQT Ventures, Renault Group.
Sources: batteryindustry.net
$119M

Verkor investors

38 investors have backed Verkor; EQT Ventures, Plastic Omnium and Renault Group and 1 more led at least one round.

EQT Ventures lead, 2 rounds
Plastic Omnium lead, 2 rounds
Renault Group lead, 2 rounds
Macquarie lead
Bpifrance 3 rounds
European Investment Bank 2 rounds
Sibanye Stillwater 2 rounds
ABN AMRO Bank
Australia and New Zealand Banking Group Limited
Banco Santander
Banque des Territoires
Caisse d’Epargne et de Prévoyance Hauts de France
Coöperatieve Rabobank
Crédit Agricole Assurances
Demeter
Dunkirk urban community
French State
Hauts-de-France region
IDEC Groupe
ING Bank N.V.
KfW IPEX-Bank
Kommunalkredit Austria
La Banque Postale
Meridiam
Mizuho Bank
MUFG Bank
Natixis
PULSE, the CMA CGM Energy Fund
Siemens
SMBC Bank International
Societe Generale
Société Générale
Standard Chartered Bank

What Verkor does

Verkor works in batteries, with 14 recorded offerings and customers in automotive and energy.

Verkor SAS is a French industrial company engaged in the development and production of low-carbon batteries for electric vehicles and stationary storage. The company operates as a research and development center, pilot line, and training center, and manages a large-scale manufacturing facility. Verkor also participates in strategic partnerships and collaborates with major institutions to support its operations. Its activities include the use of digital solutions and automation, as well as initiatives focused on sustainability, including recycling and traceability.

Description from Veridion's company data.

Products and services

Lithium-Ion Battery Design and Manufacturing
Electric Vehicle Battery Production
Stationary Storage Battery Production
Low-Carbon Battery Manufacturing
Digital Manufacturing Solutions Development
Battery Recycling and Circular Economy Solutions
Battery Innovation Research and Development
Battery Production Process Optimization Services
Sustainable Battery Manufacturing Consulting
Battery Industry Training Services
European Battery Supply Chain Integration
Nuclear Power Allocation Partnership Management
Battery Quality Management Consulting
Battery Production Capacity Expansion Services

Markets

Automotive
Energy

Technology

Digital Manufacturing Systems for Battery Production
Lithium-Ion Battery Manufacturing
Battery Recycling and Circular Economy Principles

Certifications

ISO 9001
ISO 14001
ISO 45001

Supply chain

Sustainable Sourcing
Ethical Procurement
Circular Supply Chains

Business model

Business-to-Business
Manufacturing
Enterprise

Industry codes (NAICS)

335910 Battery Manufacturing 100% match

Questions about Verkor

What is Verkor worth?

Valuation $9.8B (range $3.5B to $13.9B), as of 24 Oct 2026. The last disclosed valuation was $2.10B (Series C, Sep 2023).

Has Verkor raised money?

Verkor has 6 funding rounds on record, from Jul 2021 to May 2024, $3.40B in total. The latest disclosed valuation is $2.10B post-money (Series C, Sep 2023).

Who has invested in Verkor?

EQT Ventures, Plastic Omnium, Renault Group, Macquarie, Bpifrance and European Investment Bank, and 32 more. Lead investors include EQT Ventures, Plastic Omnium, Renault Group and Macquarie.

How many people work at Verkor?

About 993, up 32% over the last year. Headcount grew from 7 in Jan 2021 to 993 in Sep 2026.

What does Verkor do?

Verkor works in batteries, with 14 recorded offerings and customers in automotive and energy. Its main offerings are lithium-ion battery design and manufacturing, electric vehicle battery production and stationary storage battery production.

When was Verkor founded, and where is it based?

Verkor was founded in 2020 and is based in Grenoble, France. It has about 993 employees, up 32% over the last year.

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