New Power Progress| Flash Battery clocked further growth in 2022

Flash Battery announced 2022 financial results and reported an increase in sales of 29%, up to €22,3 million and a jump in the number of employees with the addition of 80 people or +22,2% in comparison to 2021.

The company based in the Reggio Emilia region in Northern Italy is just 11 years old and has reached remarkable results in the commercialization of lithium-ion batteries for off-highway and industrial vehicles, as commented by the CEO, Marco Righi: “Within this great result, we registered a good trend in our domestic Italian market but also a big increase on export figures where we reached +37%. Today, export counts for 21% of our sales, that is €4,6 million.”

Flash Battery’s export capabilities reach more than 50 countries worldwide; among its main markets are Germany, Austria, Benelux, Czech Republic and France. According to Righi, these countries represent the forerunners in Europe for the transition to electric mobility and together form close to 80% of the whole market.