ReNu Energy entered into an agreement with Vaulta Holdings Pty Ltd

ReNu Energy Limited (ASX: RNU) announced that it had signed a Subscription Agreement with Australian battery casing technology company Vaulta Holdings Pty Ltd. As per the agreement, the company will purchase up to 20% post-money stake in Vaulta by investing up to AU$1 million. The planned investment will be funded from the company's existing cash reserves.

This transaction is considered to be the fifth in ReNu Energy's portfolio of renewable & clean energy investments. It offers the company exposure to a technology solution that lessens the creation of battery waste: Vaulta batteries are designed for disassembly, enabling replacement or re-purposing of individual cells that leads to less battery waste and reduced landfill.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com