ACCELL GROUP REDUCES CO2 EMISSIONS BY GIVING SECOND LIFE TO E-BIKE BATTERIES

Heerenveen, the Netherlands - Accell Group, a leading European manufacturer of bicycles,
bicycle parts and accessories and scale-up Refurb Battery will further expand and intensify
their collaboration. This follows the successful pilot to reuse 5,000 discarded electric bike
batteries which led to the reduction of CO2 emissions by more than 100 tons in recent months.
Refurb Battery is a Dutch scale-up which develops circular energy storage systems based on
used Lithium battery cells.