Voltabox AG. Stock Analysis VBX.DE

Voltabox AG engages in the provision of electromobility solutions for industrial applications. The company is headquartered in Paderborn, Nordrhein-Westfalen and currently employs 23 full-time employees. The company went IPO on 2017-10-13. The firm has three business units: Voltapower offers advanced battery systems used in forklifts, mining vehicles, agricultural machinery, construction vehicles, municipal utility vehicles, electric buses for public transport and automated guided vehicles, among others; Voltaforce develops and produces lithium-ion batteries for the mass market, including starter batteries for motorcycles and sports cars, as well as monoblock batteries for industrial machines and battery systems for 48-volt mild hybrid applications, and Voltamotion works on developing supplemental drive components, including power electronics for the complete electrification of high-performance vehicles. The firm operates production sites in Germany and the United States, as well as a research and development center in Aachen, Germany.