Connected Energy is a UK-based startup that specializes in manufacturing battery energy storage systems using second-life EV batteries. Established in 2010, the company has positioned itself as a global leader in this sector. The cutting-edge technology developed by Connected Energy enables businesses across the UK and Europe to store electricity from renewable sources such as PV and wind or from the grid, optimizing its usage to meet their needs. One of the key aspects that sets Connected Energy apart from its competitors is its unique ability to rejuvenate and repurpose end-of-life electric vehicle batteries for energy storage. This approach not only addresses power challenges faced by businesses but also contributes significantly to sustainability efforts by offering a more environmentally friendly energy solution. The latest Β£15.00M Venture Round investment on June 17, 2022 demonstrates the confidence of investors such as OurCrowd, Caterpillar Ventures, Low Carbon Innovation Fund, Mercuria, Volvo Group, and the Hinduja Group in the potential and vision of Connected Energy. Connected Energy operates within the Energy, Renewable Energy, and Energy Storage industries, aligning with the global shift towards a low-carbon future. The company's slogan, "A world-leading UK manufacturer of battery energy storage systems using second life EV batteries," reflects its commitment to pioneering sustainable energy solutions. By effectively leveraging EV batteries as an energy store, Connected Energy emerges as a catalyst for positive environmental impact and a key player in shaping the future of clean energy.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Β£15.00M | 6 | Hinduja Group | 17 Jun 2022 |
Grant | Unknown | 1 | 05 Jan 2021 | |
Venture Round | Β£1.20M | 3 | Sumitomo Corporation Europe Limited | 05 Jan 2021 |
Venture Round | Β£350.00K | - | 29 Sep 2020 | |
Venture Round | Β£5.00M | - | 20 Jun 2019 |
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