<strong><em>Monbat traces its roots back to 1959, when it started the production of lead-acid batteries as a state-owned company, meant primarily for heavy military vehicles. In 1999, it went through privatization process to become Monbat Group and has since became the largest battery producer in Eastern Europe, selling on five continents and 70+ markets with battery production and recycling plants in five different countries. Monbat has been growing steadily in the field of power solutions for renewable energy. Since August 2021, the Group is led by its Chief Executive Officer Viktor Spiriev who predicts a bright future for the BESS lead-acid based solutions.</em></strong>