Supporting Gigafactory Construction

Goldman Sachs served as exclusive placement agent in raising capital for construction

We served as KORE Power’s exclusive placement agent in raising capital for construction of KOREPlex, a lithium-ion battery cell gigafactory that broke ground in Arizona in late 2022. The financing will also help KORE Power purchase long lead-time items required for construction of the facility. KOREPlex will be among the first US battery cell gigafactories built independently of an automotive original equipment manufacturer (OEM), which will enable KORE Power to supply batteries to a wide range of innovative e-mobility and energy storage customers.