Electric vehicles (EVs) are gaining momentum globally in the transportation industry owing to the increasing demand for lightweight fuel-efficient vehicles and other factors including, the growing concern for environmental-related norms and regulations.
The global electric vehicle charging infrastructure market size is projected to grow with a CAGR of 36.3% in terms of value from 2020 to 2028.
Wallbox raised £29M
Recently Wallbox, a Barcelona-based company whose primary goal is to design, manufacture and distribute smart charging solutions for electric vehicles, has recently secured €33 million (approx £29 million) funding.
The round was co-led by Cathay Innovation and Wind Ventures with participation from Iberdrola and Seaya Ventures. To date, the company has raised €56 million (approx £49 million) in funding.
Founded by Eduard Castañeda Mañé, and Enric Asunción in 2015, Wallbox creates a smart ecosystem that improves the way we manage, use and store energy. The company offers four types of chargers, including Quasar, the first bidirectional charger for home use with advanced two-way charging technology.
Relatively, many companies from the UK are accelerating the global shift to cleaner energy usage by creating storage technology that is more accessible to all. Take a look at 10 companies from the UK that are working on smart energy storage.
Moixa Technology
Founder/s: Simon Daniel
Funding: £24M
Based out of London, Moixa Technology is a smart battery company that offers integrated hardware and GridShare software, for renewable energy management. The company develops smart DC technologies to power DC lighting, computing, electronics from grid-shifted storage or local PV from smart DC hubs, variable DC networks, and sockets.
EO Charging
Founder/s: Charlie Jardine
Funding: £13.6M
The Stowmarket-based company designs and manufactures EV charging stations and smart software for homes, fleets, and destinations. EO Charging (Electricity Online Charging) is on a mission to enable individuals to remove their dependency on the grid and give people the power of energy autonomy. To date, EO Charging has made over 30,000 electric vehicle chargers and operates in over 30 countries around the world including the United Kingdom, Norway, Australia, and Thailand.
Zapgo
Founder/s: Jon Tuck, Stephen Voller, Tim Walder
Funding: £13.1M
Zapgo uses novel nano-carbon materials and ionic electrolytes to produce an ultra-fast, safe, recyclable charging power module that charges in minutes. Based out of Oxford, the company’s proprietary Carbon-Ion (C-Ion) platform technology offers a potential ultrafast charging option for electric vehicles (EVs) and smartphones, as well as a new option for grid energy storage.
POD Point
Founder/s: Erik Fairbairn
Funding: £12.9M
Founded in 2009, POD Point builds the infrastructure needed for the mass adoption of electric vehicles. The London-based company installs smart home charging points for customers of major automotive brands including, Audi, Nissan, Volkswagen, and Hyundai. To date, the company has manufactured and sold over 40,000 charging points and powered over 459 million miles of electric driving.
Instavolt
CEO: Adrian Keen
Funding: £12.6M
Headquartered in Hampshire, InstaVolt provides an electric vehicle (EV) charging infrastructure on a pay-as-you-go, no subscription basis. The company also offers landowners the opportunity to earn a rental income by housing them on their sites.
AVID Technology Group
Founder/s: Ryan Maughan
Funding: £11M
AVID designs and manufactures electrified powertrain components and systems for heavy-duty and high-performance electric (EV) and hybrid vehicles (HEV).
Based out of Cramlington, the company manufactures a range of electrified powertrain components including, electric pumps and fans, battery systems, traction motors, and power electronics used in electric and hybrid vehicles.
Oxis Energy
CEO: Huw Hampson Jones
Funding: £10M
Based at the Culham Science Centre in Oxfordshire, Oxis Energy is developing the next generation Lithium-Sulfur battery chemistry in an attempt to revolutionise the rechargeable battery market. The company has developed unique technology around sulfur-based cathode materials, highly stable electrolyte systems, and an anode made of Lithium metal and intercalation materials.
The UK company and its research partners are focusing on the development of the world-leading Li-S chemistry that can be used in a wide variety of battery applications.
Hyperdrive Innovation
Founder/s: Christopher Baylis, Stephen Irish
Funding: £10M
Hyperdrive Innovation develops lithium-ion battery systems to power electric vehicles, homes, and businesses. The company offers battery energy storage systems across a diverse range of industries that are suited to multiple applications.
Tevva Motors
Founder/s: Asher Bennett
Funding: £10M
Tevva develops modular electrification systems for medium-duty commercial vehicles. The company focuses on four main areas — New Build Trucks, Retrofit EV Solutions, Performance & Emissions Management Software, and Battery Management Systems for extended range trucks.
Aceleron
Founder/s: Amrit Chandan, Carlton Cummins
Funding: £2.2M
Based out of Birmingham, Aceleron is an advanced lithium battery developer aiming to accelerate the global shift to cleaner, more renewable energy and to empower people to benefit from sustainable battery technology. The company’s most sustainable lithium battery packs in a full circular economy approach, serviceable, upgradable, and recyclable.
The post These UK battery tech & EV charging startups are accelerating shift to cleaner energy future in 2021 appeared first on UKTN (UK Tech News).
