T2Y Capital’s investment makes it the second-largest shareholder of the Romanian company and marks a new significant deal for its investment strategy that targets profitable, dynamic and innovative companies in the field, including key supplier industries.
Prime Batteries Technology is a leading independent provider of lithium-ion-based energy storage solutions in Europe, which operates a fully integrated value chain through an innovative business model and producing the entire storage system in-house. The company was founded by entrepreneur Adrian Polec in 2016 and is headquartered in Bucharest.
A team of law firm Clifford Chance Badea, which included Nadia Badea (Partner), Loredana Ralea (Partner), Radu Costin (Counsel), Lavinia Dinoci (Counsel), Eleonora Udroiu (Counsel), Maria Moga Ciulică (Senior Associate) and Roxana Barboi (Associate), advised T2Y Capital throughout the entire process, starting with due diligence, negotiation, drafting and signing of deal-related documents, including the agreement of the new shareholding structure, as well as the submission of the necessary documentation for investment approval by Romania’s Commission for the Examination of Foreign Direct Investments (CEISD). The closing, subject to the fulfilment of customary conditions, is expected in the second half of 2025.
In line with mid-April data, Prime Batteries had a 2.3 GWh capacity, aiming to add 6 GWh by the end of 2026.
“We are proud to welcome T2Y Capital as a strategic partner and shareholder. This move brings valuable expertise and strengthens our vision: expanding the production capacity to over 8 GWh until 2030, while consolidating our role in Europe’s energy transition,” according to Prime Batteries representatives.