Viridi Parente Stock

viridiparente.comEnergy / Energy StorageFounded: 2017Funding to Date: $119.6MM

Viridi Parente is a producer of battery powered construction equipment.

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News Highlights

Viridi Parente wants $200 million federal loan to create more jobs, speed growth
Viridi Parente, a Buffalo-based manufacturer of lithium-ion battery storage systems, is seeking a $200 million loan from the U.S. Department of Energy to accelerate its expansion plans. The company intends to add 10 automated production lines to its facility, potentially creating over 400 jobs and increasing its annual production capacity from 3,000 units to 100,000. The loan would allow Viridi Parente to fill its backlog of orders more quickly and expand its workforce.
Battery manufacturer energizes former east Buffalo plant
Battery manufacturer Viridi Parente is seeking a $200 million loan from the U.S. Department of Energy for the expansion of its facility in East Buffalo. The company, which produces renewable energy battery systems, currently employs around 100 people and has plans to create an additional 500 jobs. U.S. Senator Charles Schumer is advocating for the investment.
Updated on: Feb 20, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.