Flash Battery closes 2021 with revenues of 17.3 million euros (+25%) and a workforce increase of 16%

Flash Battery’s revenues for 2021 amounted to 17.3 million Euros, up 25% on the previous year, meaning that the Company has consolidated its leadership role in the production of lithium batteries for industrial machines and electric vehicles

With 2020 having seen a 5% growth in revenues despite a slowdown in production in the first half of the year due to the Covid-19 pandemic, in 2021 the Company, based in Sant’Ilario d’Enza (Emilia-Romagna, Italy), also registered a significant increase of 16% in new hires, bringing the total number of employees to 65, more than a third of whom are involved in R&D activities.

For Marco Righi, CEO of Flash Battery, “2021 was a very important year for us. While results include a significant increase of 25% in foreign revenues, what stands out above all is a series of factors that have enabled us to reinforce our development strategies on the domestic front, but also on international markets, where we are already present in 54 countries”.

“Our prospects for development”, continues the CEO, “are very much linked to foreign markets, both directly and indirectly. Indeed, 35% of our output is currently directed abroad. However, if we consider that the batteries supplied to Italian customers are installed in machines and vehicles that will be exported all over the world, we can say that more than 80% of Flash Battery’s production is internationally oriented”.