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Birmingham-Based Aceleron Just Raised £2.5M To Develop Sustainable Battery Technology

Oct 15, 2021•almost 4 years ago

Amount Raised

£2.5 Million

Round Type

seed

Birmingham

Description

Based out of Birmingham, Aceleron is a pioneer in sustainable battery technology. Now, the company has secured £2.5 million as it continues to expand its global sales. The funding came from existing investors BGF, the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and Mercia’s EIS funds. With this, the total funds raised by the company account for £5.4 million.

Company Information

Company

Aceleron

Location

Birmingham, Alabama, United States

About

Growth plans aheadAceleron will use the investment to build relationships with automotive manufacturers and other major corporates. Founded in 2016 by Amrit Chandan and Carlton Cummins, Aceleron has developed a lithium battery platform technology, which enables easy repair and reuse over time, thus reducing cost and waste. Based out of Birmingham, Aceleron is a pioneer in sustainable battery technology. Aceleron is a hugely exciting business and is well aligned with BGF’s commitment to backing more companies in the field of clean growth.