IONCOR designs and manufactures battery solutions for the electrification of transport, commercial vehicles, and off-highway machinery. IONCOR was established in the fall of 2024 when the Electric Vehicle Systems business line of Valmet Automotive was renamed as IONCOR.

FMG, Varma
Our investment in IONCOR is based on our strong belief in the trend of transport electrification and the green transition. We see IONCOR as well-positioned to capitalize on this development through its own product development, especially concerning off-highway vehicles. IONCOR fits Pontos’ strategy, as it operates in the Finnish manufacturing industry and includes a significant real estate component.
We have known IONCOR for a longer time, as we have been investors in Valmet Automotive since 2010 and are pleased to continue as a minority investor in the company. We are very satisfied to be able to invest in IONCOR.
IONCOR is one of Europe’s leading manufacturers of battery solutions for electric vehicles with more than three million delivered battery systems. The company focuses on battery systems for heavy-duty transport, commercial vehicles, and mobile machinery used in industries such as logistics, agriculture, construction, mining, and forestry, as well as for the automotive sector. IONCOR supports the electrification of its customer segments by offering modular battery systems, customized solutions, and contract manufacturing services. The company operates three large-scale battery system production plants as well as R&D and battery testing centers in Finland and Germany.
Private Equity Investments
Private Equity Investments
Private Equity Investments
Private Equity Investments