Flash Battery has won an Enterprises for Innovation award for the third time, awarded to 12 Italian firms that successfully invested in research and innovation. The company — one of Europe’s leading manufacturers of lithium batteries for industrial machinery and electric vehicles — took its place alongside giants of the pharmaceutical, computer and aerospace industries.
Flash Battery has been on a fast growth trajectory since it was launched as a start-up in 2012, reaching in 2022 a revenue of €22.3 million, international sales of €4.6 million and a staff of over 100 strong (20+ in the nine months into 2023).
“The satisfaction we are feeling is huge”, said Flash Battery CEO Marco Righi, “but I think it’s the same for the entire small and medium enterprise segment of which we are a part and which sees in this award the recognition of its decisive role in generating innovation in our country and turning it into jobs and development for the local communities.
“Our development has been driven by our continued investment in young people, research and innovation with the mindset that sustainability must be built into the products as well as the processes, and it has also translated into a number of social initiatives embraced by all our collaborators.”
The Enterprises for Innovation award to Flash Battery comes at a time when the company is making a substantial investment into its Sant’Ilario d’Enza headquarters, inaugurated just two years ago by Emilia-Romagna region governor Stefano Bonaccini. “Our revenue and staff have practically doubled since then”, said Righi, “and today we are involved in an expansion project that will further strengthen the sustainability features of our facility and processes and gear up the company for its next technological and volume leap”.
This new accolade from Confindustria adds to Flash Battery’s impressive number of recent honours, positioning the company as one of the most dynamic in Reggio Emilia in terms of innovation, development intensity, and recruitment of young people — in fact, the average age of the company’s 105 employees is less than 34.