9 years ago
Petalite Secures £250k for Fast Battery Charging Technology
Petalite, a UK-based developer of technology and IP for commercially-ready systems to charge batteries in under 15 minutes, has raised £250k in funding
The SEIS funding round was led by Startup Funding Club and syndicated between members of its angel syndicate and the SFC SEIS Fund
The company will use the funds to expand applications of its technology.
ProblemTechnology
"The problem Petalite is trying to solve is charging batteries in under 15 minutes."
Solution
"Petalite has developed technology and IP for commercially-ready systems to charge batteries in under 15 minutes, which will be adapted and applied to markets such as portable power supplies, mobility devices, and the automotive sector."