EU-backed investors plan 500 million euro battery raw materials fund

InnoEnergy, Demeter launch fund to kick-start projects
Aims to develop local domestic supply chain
Part of EU efforts to boost bloc's sovereignty
LONDON, Jan 18 (Reuters) - Two of Europe's leading energy transition investors plan to raise 500 million euros ($544.55 million) for a battery raw materials fund, aiming to plug "significant gaps" in the region's supply chain, executives told Reuters.
InnoEnergy, backed by the European Union, and Demeter Investment