Flash Battery: 2023 turnover reaches 34 million (+54%). Headcount up by 36.7%

7 million euro investment plan in place for the headquarters and production line

Flash Battery’s 2023 turnover reached 34 million euros, a sharp increase of 54%, further consolidating a position that already saw it among the European leaders in the production of lithium batteries for industrial machines and electric vehicles. The significant growth in turnover went hand in hand with a surge in headcount: the number of employees rose to 108 at the end of 2023, an increase of 36.7%.

“In the first two months of 2024“, noted Marco Righi, co-founder in 2012 of Flash Battery and CEO of the company based in Sant’Ilario d’Enza, “the number of employees has already risen to 115. For us this is one of the most significant indicators of our growth in both the domestic and international markets”.

Flash Battery’s 2023 turnover recorded substantial increases in both of these markets. “In Italy”, explained Righi, “the increase was 54%, with a value of 25.7 million euros, while in the more than 50 countries we export to we recorded growth of 46% and an export value of 8.6 million euros. Our aim is to become one of the top players in the European market by 2025”.

To further this objective, Flash Battery has a strategic plan in place that calls for an investment of more than seven million euros in the short term.