KORE Power Announces ~$75M First Close of $150M Investment Round with Siemens as Lead Investor and Joined by Quanta Services

Goldman Sachs & Co. LLC acted as KOREs Exclusive Placement Agent.KORE is a leading U.S.-based developer of lithium-ion battery cells and manufacturer of integrated solutions for the e-mobility and energy storage sectors. "KOREs focus on manufacturing and vital industries such as energy storage, transportation electrification and grid modernization align with the strategic direction of SFS investments in the U.S. to date. Similarly, electrification in the mobility sector, which includes electric vehicles and charging infrastructure, is experiencing rapid growth. We are excited to invest and partner alongside leading energy innovators who also understand the importance of building and supporting a robust domestic supply chain. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare.