Seri Industrial’s subsidiary receives public funding in grants for Euro 417.046 million for the startup of a Gigafactory in Italy

Seri Industrial S.p.A. has announced that, on 08 March 2022, the Ministry of Economic Development – General Directorate for Business Incentives – has issued a concession decree in favour of the subsidiary FIB S.p.A. granting an amount equal to Euro 417,046,521.84 deriving from the IPCEI fund, up to the total eligible amounts defined on a funding gap basis.

The investment program for the construction of a Gigafactory will be carried out in Teverola (Caserta, Italy) in the building already available to FIB, in an area of approximately 265,000 sm (of which 82,000 sm covered).

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