Tuesday 28 July 2020

Reusable battery developer secures £2m investment to scale up circular technology

The UK developer of sustainable and reusable batteries Aceleron has secured a £2 million investment.

Some £1.45 million will come from the investment company Business Growth Fund (BGF) and the remainder from existing investor Mercia Asset Management.

The investment will enable Aceleron to scale the production of its circular economy battery technology and expand its reach across global markets including the UK, Europe, Africa and the US.

Amrit Chandan, Co-Founder and CEO of Aceleron, said: “This is a watershed moment for Aceleron and the wider green sector. 

"This investment will enable us to significantly increase production to meet growing global demand for truly sustainable battery technology to underpin the clean energy revolution.”

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