Mandate

The European Investment Bank has signed a EUR 47 million financing agreement with Swedish innovative battery technology company Nilar.

October 05, 2020 Banking and Finance

Vinge has acted as European Investment Bank’s (the EIB) counsel in the financing of the battery technology company Nilar International AB (Nilar).

The financing is supported by the InnovFin Energy Demonstration Projects of the European Commission which is a venture financing instrument designated to support innovative clean energy projects in the fields of e.g. renewable energy and energy storage. The aim of the programme is to bridge the gap from demonstration to commercialisation and thus contribute to the deployment of the next generation of innovative low-carbon energy technologies. A link to EIB’s press release may be found here.

Nilar is the globally leading manufacturer of advanced Hydride® batteries (NiMH) for energy storage. Its solutions offer unique safety benefits and are environment-friendly. With production based on 100 percent renewable energy at the manufacturing plant in Sweden, Nilar is revolutionising energy and power supply technology, and advancing the technique of automated battery production. Read more at Nilar’s website.

Vinge’s team included Johan Larsson, Albert Wållgren, Ludvig Wettergren and Viktor Lennartsson.

 

Related

Vinge has advised Behold Ventures in the fundraising of Behold Ventures’ first-time fund

Behold Ventures held its final closing on 27 June 2025, thereby securing investor commitments to its first-time fund amounting to approximately SEK 550 million from an international investor base, comprising the European Investment Fund (EIF), among others.
July 10, 2025

Vinge advises Main Capital in connection with the sale of Alfa eCare

Vinge has advised Main Capital in connection with the sale of Alfa eCare Holding AB and its subsidiaries (“Alfa eCare”) to SDB Groep B.V. (“SDB”)
July 10, 2025

Vinge is advising on the establishment of Ballista Capital

Ballista Capital held its final closing on 9 June 2025. The investor base primarily comprises family offices and investors with strong ties to northern Sweden.
July 07, 2025