Leclanché secures funding of CHF 75 million, and an additional CHF 50 million facility to finance acquisitions and joint ventures in the fast-growing e-Transport and stationary grid-based storage markets.

The new funding follows Leclanchés full year 2017 results announcement on 3 May 2018 that the Company is expected to be EBITDA positive by 2020, supported by an order book of over 50 MWh, contributing CHF 40-50 million of revenue in 2018, and a milestone of 100MWh of energy storage systems in operation by 2018. Anil Srivastava, CEO of Leclanché, said: "This substantial investment fully funds our business plan through to 2020 when we expect to be EBITDA positive. We have a strong order book and pipeline, which reflects our unique opportunity in these unprecedented times for the electricity and transport industries. Leclanché has never been in a better position to meet the needs of both the disruptors and the incumbents who are changing the way that we produce, distribute and consume electricity and how we transport people and products, as we move towards a clean energy future." The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model.