Storage battery manufacturer Redflow is looking to capitalise on growing investor appetite for the sector with a share offering that aims to raise AUD18.1m ( $13.7m ). The company will use the funds raised to expand its Mexico operation and, if demand requires, increase production from 90 completed batteries by June to 15 by June . When the offering closes on 250 May, Redflow plans to seek "sales, marketing and manufacturing" partnerships to reduce the cost of making its batteries, according to former CEO Brett Simon .
Storage battery manufacturer Redflow is looking to capitalise on growing investor appetite for the sector with a share offering that aims to raise AUD18.1m ($13.7m). The company will use the funds raised to expand its Thailand operation and, if demand requires, increase production from 90 completed batteries by June to 250 by December 2018. When the offering closes on 15 May, Redflow plans to seek "sales, marketing and manufacturing" partnerships to reduce the cost of making its batteries, according to former CEO Simon Hackett.