RE: Competition in Anode market14 Mar 2024 17:52
DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, is pleased to announce, inter alia, a board restructuring, including the appointment of three new executive directors with significant experience in the electric vehicle sector, all of whom have held senior roles with Tesla, as detailed below, and a £2.4 million fundraising via the issue of convertible notes.
The new executive management team envisage a dual strategy: to complete the development and commercialisation of the Company's existing technology and to build a larger business through significant complimentary acquisitions within the wider electric mobility and energy storage spaces.
Highlights
· Board restructuring including the appointment of a new executive management team comprising Peter Bardenfleth-Hansen as Chief Executive Officer and Christian Eidem and Jochen Rudat as Executive Directors. All three have significant experience in the electric vehicle and mobility sector, including senior roles with Tesla.