£3.2m investment sends battery firm into Hyperdrive

Posted on 4 May 2016 by Jonny Williamson

A leading independent developer of lithium-ion energy storage technologies, Hyperdrive Innovation has secured investment totalling £3.2 million ahead of launching two new innovative modular battery systems later this year.

Hyperdrive Innovation’s investment came from a combination of venture capital firms, Hamilton Capital Partners and Rivers Capital, alongside R&D grant funding from Innovate UK and the Advanced Propulsion Centre (APC). The Sunderland-based firm is a development and manufacturing partner for OEMs seeking specialist expertise to electrify cars and commercial vehicles, off-highway vehicles, industrial robots and…

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