Russia to build major battery plant for drones with up to $120 million in state support
The Russian government will provide up to 10.46 billion rubles ($120.8 million) in subsidies for the construction of a lithium-ion battery plant that is expected to produce components for drones. Details of the preferential loan for Innovative Energy Systems (INESIS), a company controlled by drone manufacturer Transport Budushchego (lit. “Transport of the Future”), was detailed in a government…
The Russian government has allocated up to 120.8 million US dollars in subsidies for the construction of a lithium-ion battery plant to produce components for drones. The funding, provided in the form of a preferential loan, is expected to come from state-controlled Sberbank in exchange for income it forgoes. The subsidies will be distributed over several years, with the majority allocated between 2026 and 2034.
The plant, controlled by Transport Budushchego, is expected to have an annual capacity of 4 gigawatt-hours and is one of the largest projects in Russia's emerging battery industry. Transport Budushchego, which is 85.81% owned by Transport of the Future LLC, has previously received state support and is closely linked to Russia's drone industry.
The plant's completion could reduce Russia's dependence on imported components and raw materials, potentially limiting the ability of Western countries to disrupt production through export controls.
Written by urgent.news from The Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
