The construction of the plant took 18 months. Rusnano provided 7 billion roubles in direct investment and loans to the project, Thundersky 6 billion, along with technology and intellectual property. The factory has begun production of eco-friendly batteries for consumer electronics.
"It is planned to start batteries supplies for 100 electric buses in Moscow by the end of 2011”, – says Rosnano managing director Sergey Polikarpov. He also added that Liotech is holding talks on supplying batteries for an electric Lada, that will be used in Moscow taxicab fleet. According to Liotech switching buses and trucks in major cities to electric power could reduce emissions by 44%.