RCP and AMTE Power partner to bring next-gen energy storage to market
Follow-on investment will pave way for emerging battery tech
Renaissance Capital Partners, a leading edge family office, completed a £500,000 investment into AMTE Ltd, an emerging energy storage business, it announced today. This investment followed an earlier seed round investment, and was in conjunction with sizable investment from other sources. AMTE will use the funds to push forward its next generation battery technology.
Mark Randall, Managing Director of RCP, remarked “We look forward to supporting Kevin and his team as AMTE commercializes its technology, and brings these next gen benefits to UK industry. RCP always looks for disruptive technology that can help make the world a better place.”
AMTE will use funds from this investment round to build on earlier success with sodium ion battery technology and its links to the automotive sector. Kevin commented that “the support our investor base has shown puts AMTE in a strong position to deliver on its business plan”.
Renaissance Capital Partners Ltd. is a private company established in 2008 to invest in high-growth, innovative and entrepreneurial businesses. It now has a diversified investment portfolio across various industries including Robotics, Healthcare, Location Based Services, Clean Tech and Telecoms.
AMTE Power Ltd. is actively developing and producing cells through its development and production company AGM Batteries, based in the heart of Scotlands renewable energy community. It's unique facility enables customers to scale and transfer emerging new cell technologies to manufacture.