Major Bank-Supported Battery Maker Goes Big

Posted on 01/30/2024

Plus Power LLC raised US$ 1.8 billion last year for its large-scale lithium-ion battery business. Deutsche Bank and First Citizens Bank were the coordinating lead arrangers, with First Citizens Bank as the administrative agent and Siemens Financial Services, Inc. acting as the joint lead arranger. Bank of America, Deutsche Bank, Foss & Company, Goldman Sachs,…

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