Our partner Flash Battery closed the year 2022 with a 29% increase in turnover corresponding to a 22.2% employment growth.
These figures, in spite of a very critical year on the side of raw material supply and increased costs of raw materials, mark an important step forward in the development processes that in 11 years have led the company to position itself among the leading producers of customised lithium batteries for industrial machinery and electric vehicles.
“Our development largely relies on our technology, international partnerships of excellence, patents and prototypes we create, but the most important factor for growth is represented by young and skilled collaborators who are passionate about sustainability journeys that translate into products and services. Moreover, the electrification market is continuing to grow across all the major segments, in other words, industry (representing 45% of the market for us), vehicles and goods handling (50%), and agriculture (5%) which, although lagging behind other sectors, is seeing a surge of national laws imposing the transition to less polluting electric or hybrid solutions. In such a context, lithium battery technology is gaining ground in many application areas as the perfect solution for electrification”.
Marco Righi - Founder and CEO of Flash Battery
The international magazine New Power Progress talked about it here. Read the entire article here