- Business
- Seri Industrial S.p.A. Seri Industrial S.p.A. is an Italy-based holding company focused on the storage battery industry and circular economy activities, operating through subsidiaries in the production and recycling of lead-acid and lithium batteries, plastic materials processing, and electric vehicle manufacturing. The company offers lead-acid and lithium-ion batteries under the FAAM brand for industrial traction, stationary storage, starter, military, and special applications; designs and constructs recycling plants for end-of-life batteries; produces polypropylene special compounds and plastic molding for battery boxes, lids, automotive parts, packaging, hydro-thermo-sanitary pipes and fittings, civil, and shipbuilding sectors under Seri Plast; and manufactures electric buses under the Menarinibus brand. Founded in 1999 and headquartered in San Potito Sannitico, Italy, Seri Industrial maintains 19 production sites worldwide, with net sales primarily from Italy (79.1%), Europe (17.4%), and other regions including Asia, America, Africa, and Oceania. Recent developments include a name change from KREnergy S.p.A., the completion of the acquisition of Industria Italiana Autobus from Leonardo in 2024 to expand electric vehicle production, a strategic agreement with Eni in October 2024 to form Eni Storage Systems joint venture (with Eni holding 50% plus one share and FIB subsidiary holding 50% minus one share) for lithium-iron-phosphate battery production, cathode active material, and recycling facilities at sites in Brindisi and Teverola, Italy, which launched operations in September 2025 aiming for over 10% of the European stationary battery market, and a 150 million euro financing for lithium gigafactory expansion.