PSB Buys Stake in Russian EV Maker 'Atom'
PSB acquired 16.98% of the Russian electric vehicle manufacturer 'Atom' (Kama AO) for 10 billion rubles, marking a strategic investment in Russia's electric mobility sector. The company plans to launch series production in April 2026.
Consensus
- PSB acquired 16.98% shares in AO 'Kama', the developer of the electric vehicle 'Atom'.
- The transaction was completed for approximately 10 billion rubles.
- The investment is described as both strategic and financial by PSB.
- The project 'Atom' was launched in summer 2021 under the involvement of Sergey Kogogin, the general director of KAMAZ.
- The vehicle is produced at the 'Moskvich' plant.
- The company plans to begin series production in April 2026.
- Key partners in the project include KAMAZ, Rosatom, and the Russian Direct Investment Fund (RFPI).
Points of divergence
- The entire business of 'Kama' was valued at 58.9 billion rubles based on the transaction. — kommersant
- The additional share issuance was challenged in court by minority shareholder Sergey Vasin, and the details were found in an arbitration court decision in Tatarstan. — kommersant
- Potential buyers of the shares included KAMAZ, Rosatom structures, Renova, Tatneft, RFPI, Gazprombank, among others. — kommersant
- The commercial director of 'Kama', Alexander Kostylev, stated that sales of the 'Atom' are planned to start in April 2026. — vedomosti
- The company reported in mid-July that series production of the 'Atom' was already established and that the vehicle is fully localized in Russia, from metal stamping to welding. — interfax
Coverage (4 sources)
- PSB became a co-owner of electric vehicle manufacturer 'Kama' — Коммерсантъ
- PSB entered the shareholder list of Russian electric car manufacturer 'Atom' — Ведомости
- Promsvyazbank acquired 16.98% of shares of electric car developer "Atom" for 10 billion rubles — Интерфакс
- PSB acquired 17% of Kamya shares — Коммерсантъ