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

Aceleron’s technology aims to reduce battery waste by developing lithium-ion batteries which can be reused

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.

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