Innovate UK

Founded in 2007, Innovate UK is a non-profit organization based in Swindon, UK. It supports businesses across various economic sectors by offering funding services to promote science and technology innovations.

Mike Biddle

Programme Director of Industrial Strategy Challenge Fund

Will Drury

Executive Director, Digital and Technologies

Paul Gadd

Deputy Director

Dr. Tom Jenkins

Deputy Director

Scott James O'Brien

Director, Innovation Finance

Nigel Walker

Deputy Director, Lending and Investor Partnerships

Past deals in Electric Vehicle

Monumo

Grant in 2024
Monumo is a deeptech engineering company specializing in the creation of advanced electric motors. It leverages simulation, machine learning, AI, and motor design technology to develop next-generation EV motor systems that surpass human capabilities.

Brompton Bicycle

Grant in 2024
Brompton Bicycle is a British manufacturer renowned for its iconic Brompton folding bicycles. Established in West London, the company offers a range of products including bikes, electric bikes, accessories, and apparel, promoting sustainable urban transportation through its retail stores and e-commerce platform.

Flock Mobility

Grant in 2024
Flock Mobility, a UK-based B2B cleantech company, specialises in optimising electric vehicle (EV) fleets for shared transport services. Backed by the European Space Agency, Flock's AI-driven platform enhances vehicle utilisation, routing, and booking, empowering operators to reduce emissions, lower costs, and improve mobility access.

Pensana

Grant in 2023
Pensana is a mineral exploration and development company focused on rare earths and pursuing a traceable supply chain for rare earth metals used in electric vehicles, wind turbines and other strategic industries, with a goal of delivering one of the lowest embedded carbon products. It operates the Longonjo development project in Angola and the Saltend development project, and maintains a presence in Australia and Angola.

Chassis Autonomy

Grant in 2023
Specialising in the design, development, and production of fail-operational steer-by-wire and brake-by-wire systems for L4 and L5 autonomous vehicles.

TaiSan

Grant in 2023
TaiSan specializes in advanced battery technology for electric vehicles. It has developed proprietary quasi-solid gel polymer electrolyte and sodium-potassium metal anode, enhancing energy density and safety while enabling fast charging.

Dynex Semiconductor

Grant in 2023
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

AutoNeura

Grant in 2022
AutoNeura specializes in intelligent control software for vehicle propulsion system testing. It serves manufacturers, institutions, and powertrain test providers, aiming to reduce development costs while improving efficiency.

EVware

Pre Seed Round in 2022
EVware is a next-generation digital platform that supports mobility companies in integrating advanced digital interfaces and connected services across various vehicle types. By leveraging its human-machine interface (HMI) and connected vehicle technology, EVware enables original equipment manufacturers (OEMs) to analyze data from mobility products effectively. This innovative approach allows OEMs to deliver sustainable transportation solutions to market more quickly and at significantly reduced costs compared to traditional methods. As a result, EVware plays a crucial role in enhancing the efficiency and affordability of vehicle development in the evolving mobility landscape.

Chassis Autonomy

Grant in 2022
Specialising in the design, development, and production of fail-operational steer-by-wire and brake-by-wire systems for L4 and L5 autonomous vehicles.

Ev.energy

Grant in 2022
Ev.energy is a London-based company established in 2018, specializing in smart charging software for electric vehicles (EVs). Its platform optimizes EV charging during off-peak hours, tracks energy usage and costs, supports solar energy integration, and enables drivers to schedule and monitor charging via an app, thereby reducing both costs and carbon emissions.

Dynex Semiconductor

Grant in 2022
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

OX Delivers

Grant in 2021
OX Delivers operates a smart logistics company focused on providing affordable, reliable transport services in underserved regions. The company offers zero-emissions electric trucks and a digital platform, aiming to enhance logistics efficiency, reduce costs, and expand market reach for businesses of all sizes.

Addionics

Grant in 2021
Founded in 2017 with offices in London and Tel-Aviv, Addionics designs and develops advanced rechargeable batteries for electronic vehicles. The company specializes in improving battery performance through intelligent 3D architecture redesign, aiming to increase energy density, reduce charging times, and enhance safety.

Bonnet

Grant in 2021
Bonnet Ltd. is a London-based company established in 2019 that specializes in charging-as-a-service solutions for electric vehicle drivers. Its platform simplifies the charging experience by enabling users to access a wide network of public chargers through a single application, eliminating the need for separate registrations with individual charging networks. By streamlining the process, Bonnet aims to enhance convenience for both drivers and businesses, facilitating easier and more efficient electric vehicle charging.

Levistor

Grant in 2021
Levistor is a British company developing durable energy storage technology designed to enable super-fast charging of electric vehicles. The company specializes in laminated flywheel systems, eliminating traditional containment needs and integrating flywheel technology with high-speed turbomachinery.

Potenza Technology

Grant in 2021
Potenza Technology Limited, established in 1999 and based in Warwickshire, United Kingdom, specializes in the design and manufacture of electric and hybrid powertrain systems. As a subsidiary of FPT Industrial S.p.A., the company focuses on low and zero-emission technologies, particularly in the development of high energy density lithium battery packs. Potenza Technology offers a comprehensive suite of services, including battery management systems, systems integration and control, as well as safety engineering for electric and hybrid vehicles. Its expertise extends to a range of automotive applications, encompassing body systems and powertrain control, positioning Potenza Technology as a key player in the evolving automotive sector.

OX Delivers

Grant in 2021
OX Delivers operates a smart logistics company focused on providing affordable, reliable transport services in underserved regions. The company offers zero-emissions electric trucks and a digital platform, aiming to enhance logistics efficiency, reduce costs, and expand market reach for businesses of all sizes.

Connected Energy

Grant in 2021
Connected Energy Ltd, founded in 2010 and based in Newcastle upon Tyne, United Kingdom, specializes in energy storage solutions by utilizing recycled electric vehicle batteries through its innovative E-STOR technology. This system allows businesses to convert used car batteries into energy storage systems, enabling them to store excess energy for later use. Connected Energy's offerings include software and services that enhance load management, optimizing efficiency and cost savings across various sectors, including healthcare, education, industrial, retail, and utilities. The company has established a diverse client base and operates systems across the UK, Belgium, Germany, and the Netherlands, with capacities ranging from 60 kW to 1.2 MW, and plans for larger installations in the future. As a subsidiary of Future Transport Systems Ltd, Connected Energy aims to commercialize the research and development conducted by its parent company.

ZeroAvia

Grant in 2020
Founded in 2017, ZeroAvia develops zero-emission aircraft propulsion systems designed to eliminate aviation emissions while maintaining operational efficiency. The company focuses on scalable hydrogen-electric technologies that can retrofit existing aircraft and support sustainable aviation.

Diode

Grant in 2020
Diode is a technology company that helps businesses adopt electric vehicle and net-zero solutions. It provides guidance on EV suitability, infrastructure recommendations, and charge point procurement for organizations of all sizes. The company also develops a sales enablement platform that facilitates the adoption of net-zero products by customers through seamless digital journeys, personalized recommendations, and survey tools. This platform supports lead generation, customer conversion, and retention by promoting EVs and other energy innovations, enabling businesses to increase penetration of sustainable technologies and improve overall customer satisfaction.

Warwick Acoustics

Grant in 2020
Warwick Acoustics is a UK-based technology company that develops HighRes Audio solutions for automotive and headphone markets using its patented High Precision Electrostatic Laminate technology (HPELs). Its products include ultra-thin, lightweight electrostatic transducers that deliver audiophile performance across a wide bandwidth with a fraction of the weight and thickness of traditional drivers, enabling flexible, shaped speaker designs. The company manufactures in-car audio systems for electric vehicles and headphone systems, including the Sonoma. Its low-power electroacoustic panels use mass-upcycled and recyclable materials and combine precision electrostatic transducers with low-distortion electrostatics to reduce power consumption and weight. Warwick Acoustics focuses on engineering products from the ground up to provide high-quality personal audio experiences. It was established in 2002 and is based in Nuneaton, United Kingdom.

Trojan Energy

Grant in 2020
Founded in 2016, Trojan Energy specializes in providing electric vehicle charging infrastructure solutions worldwide. The company offers on-street flat and flush charging points, addressing the challenge faced by vehicle owners without off-street parking.

Ev.energy

Grant in 2019
Ev.energy is a London-based company established in 2018, specializing in smart charging software for electric vehicles (EVs). Its platform optimizes EV charging during off-peak hours, tracks energy usage and costs, supports solar energy integration, and enables drivers to schedule and monitor charging via an app, thereby reducing both costs and carbon emissions.

Urban Electric Networks

Grant in 2019
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Centre for Renewable Energy Systems Technology

Grant in 2019
For over 20 years CREST (Centre for Renewable Energy Systems Technology) has overseen the research and development of the most progressive renewable energy technologies. New technologies to develop viable fossil fuel alternatives and support rapid growth within the global sustainable energy sector are essential. CREST continues to instigate, lead and deliver high quality, original research, collaborating with industry and international academic networks.

Urban Electric Networks

Grant in 2019
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Clipper Automotive

Pre Seed Round in 2019
Clipper Automotive is a UK-based startup that develops and manufactures affordable electric taxis. It converts conventional taxis into electric vehicles, aiming to reduce emissions and provide cleaner transportation in urban areas. The company offers a subscription-based model for drivers, making electric taxis more accessible. Clipper Automotive has received support from InnovateUK and has raised £300k in pre-seed funding.

Urban Electric Networks

Grant in 2018
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Petalite

Grant in 2018
Petalite Limited, established in Birmingham, UK, in 2014, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on creating durable charging infrastructures designed for various electric vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's signature SDC Technology ensures a lifespan of up to 30 years, offering clients reliable solutions with low future costs.

BuffaloGrid

Grant in 2017
BuffaloGrid is a pioneering company that provides mobile power and internet connectivity solutions to off-grid communities worldwide. Their mission is to empower the next billion smartphone users in frontier markets, enabling them to improve their quality of life and business activities through access to mobile digital services. The company's innovative technology includes an advanced off-grid phone charging system powered by solar energy, which can also communicate with a cloud platform using SMS and the internet. This allows users to access digital content and services, bridging the digital divide and fostering socio-economic development.

BuffaloGrid

Grant in 2017
BuffaloGrid is a pioneering company that provides mobile power and internet connectivity solutions to off-grid communities worldwide. Their mission is to empower the next billion smartphone users in frontier markets, enabling them to improve their quality of life and business activities through access to mobile digital services. The company's innovative technology includes an advanced off-grid phone charging system powered by solar energy, which can also communicate with a cloud platform using SMS and the internet. This allows users to access digital content and services, bridging the digital divide and fostering socio-economic development.

Petalite

Grant in 2017
Petalite Limited, established in Birmingham, UK, in 2014, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on creating durable charging infrastructures designed for various electric vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's signature SDC Technology ensures a lifespan of up to 30 years, offering clients reliable solutions with low future costs.

BuffaloGrid

Grant in 2017
BuffaloGrid is a pioneering company that provides mobile power and internet connectivity solutions to off-grid communities worldwide. Their mission is to empower the next billion smartphone users in frontier markets, enabling them to improve their quality of life and business activities through access to mobile digital services. The company's innovative technology includes an advanced off-grid phone charging system powered by solar energy, which can also communicate with a cloud platform using SMS and the internet. This allows users to access digital content and services, bridging the digital divide and fostering socio-economic development.

Hyperdrive Innovation

Grant in 2016
Hyperdrive Innovation Limited is a company based in Sunderland, United Kingdom, that specializes in the development, manufacturing, and sale of lithium-ion battery technology. Founded in 2012, it focuses on providing innovative solutions for original equipment manufacturers (OEMs), electric vehicles, and battery energy storage systems, catering to both residential and commercial sectors. Hyperdrive Innovation's capabilities encompass the entire process from design through integration to scalable manufacturing, allowing it to deliver high-performance battery solutions tailored for challenging applications. This comprehensive approach enables clients to gain a competitive edge in the marketplace by consistently offering advanced energy solutions.

BuffaloGrid

Grant in 2013
BuffaloGrid is a pioneering company that provides mobile power and internet connectivity solutions to off-grid communities worldwide. Their mission is to empower the next billion smartphone users in frontier markets, enabling them to improve their quality of life and business activities through access to mobile digital services. The company's innovative technology includes an advanced off-grid phone charging system powered by solar energy, which can also communicate with a cloud platform using SMS and the internet. This allows users to access digital content and services, bridging the digital divide and fostering socio-economic development.

Magnetic Systems Technology

Magtec designs and manufactures electric drive systems and components for all vehicle types. Magtec routinely undertakes the electric system installation design including all interfaces with the existing vehicle systems to meet the required EMC and safety standards. This will normally include the vehicle control system software development including CAN network interfaces and bridges. The company will work with a customer’s design team to develop the mechanical installation of the drive system into a vehicle. Magtec will also undertake the complete mechanical installation design if requested. Magtec has a highly skilled service department which together with our remote diagnostic tools allows us to provide after sales service and support worldwide. Magtec will also provide training to vehicle fleet operators or vehicle OEM's service agents as required.
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