RCP and AMTE partner to bring next-gen Energy storage to market
5 January 2018: 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 investment from other sources. AMTE will use the funds to push forward its next-generation battery technology, ready for use in cars, etc, etc.
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 bring good to the people in the world.”
AMTE will use funds from this investment round to build on earlier success with sodium ion battery tech and it links to the automotive sector. Kevin comments that “the support our investor base has shown puts AMTE is a strong position o deliver on it business plan- to ETC ETC>”
Renaissance Capital Partners Ltd. is a private company established in 2008 to invest funds 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 Ltd. works with clients and partners to scale new battery cell technologies through to manufacture. Our business involves the transfer of developed ‘pilot scale’ processes to our facility. We also work with Research groups and pilot scale facilities in the earlier stages of development to aid with Design for Manufacture.
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