Sustainable energy company SolarBio Energy are poised for a potential initial public offering (IPO) later this year according to specialists in the energy field. The potential IPO could happen as soon as the fourth quarter of 2022.
SolarBio’s latest round of funding has a target of US$90 Million. The investment will help to fund the development of new solid state lithium batteries that could potentially deliver twice as much energy for their size. With fund-raising efforts primarily focused at retail & institutional investors, SolarBio is observing significant interest and steady mobilisation of fiat currencies into Cryptocurrencies.
Outlining key steps of a SolarBio IPO, finance chief Arno Antlitz said
“SolarBio have embarked on an ambitious shift towards sustainable energy, Lithium research & solar cell technology. Together with new partners SolarBio will be outlining key steps of a SolarBio IPO plan that would update markets about the progress and timeline in late summer.“
The global lithium-ion battery market size is estimated to touch nearly U.S. Dollars 105.0 billion by 2025, owing to the increasing demand from consumer electronics and electric vehicles. Companies like SolarBio are now highly sort after to meet and maintain the constantly rising demand.
"For me, this marks an inflection point and the ideal timing for the potential transaction in order to ignite our research shift momentum," SolarBio CEO Herbert Diess said.
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