paragon GmbH & Co. KGaA announced that it is now planning to enter the electromobility market even with its Automotive business. With the help of the new Flow-Shape-Design (FSD) technology from its subsidiary Voltabox, a variety of lithium-ion battery systems are set to be offered for the automotive market.

paragon is planning to license the FSD technology and thus help Voltabox achieve a breakthrough. This will create significant synergies between paragon and Voltabox for the first time. Until now, Voltabox has mainly marketed its battery systems for industrial uses and buses.