Funding and M&A Roundup: Volvo Group Acquires Battery Business for $210 Million
Haven Energy raises $7 million Series A funding
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The Volvo Group announced the acquisition of the battery business from electric vehicle (EV) company Proterra and Proterra Operating Company. The deal was valued at $210 million before adjustment for inventory level at closing. The acquisition includes a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.
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