About:Energy Raises £1.5M in Seed Investment to Lead UK Battery Data Innovation

Learn how About:Energy secured £1.5m seed investment to establish itself as a forefront battery data leader in the UK market.

Introduction

In the rapidly evolving landscape of energy technology, securing substantial funding is pivotal for startups aiming to drive innovation and lead market transformations. About:Energy, a pioneering battery technology company based in London, has recently exemplified successful energy startup funding by raising £1.5 million in seed investment. This significant funding round positions About:Energy as a leader in battery data innovation within the UK, setting the stage for advancements that could reshape the energy storage industry.

The Seed Investment Round

About:Energy has successfully closed a seed funding round of £1.5 million, attracting investments from prominent entities such as HighSage Ventures, Vireo Ventures, OakNorth Bank CEO Rishi Khosla, Plug and Play Ventures, and Electric Revolution Ventures. This investment infusion is earmarked for accelerating the commercialisation of their proprietary software platform, The Voltt, and establishing the company as a dominant player in the UK’s battery data sector.

Key Investors

• HighSage Ventures
• Vireo Ventures
• OakNorth Bank CEO Rishi Khosla
• Plug and Play Ventures
• Electric Revolution Ventures

The involvement of these esteemed investors underscores the confidence in About:Energy’s vision and the potential impact of The Voltt on the battery technology market.

About:Energy and The Voltt

At the heart of About:Energy’s innovation is The Voltt, a sophisticated software platform designed to streamline battery design and selection processes. By leveraging virtual prototyping, The Voltt significantly reduces costs and time associated with traditional battery product development.

Features of The Voltt

• Decision-Making Facilitation: Assists businesses in selecting optimal battery designs.
• Resource Efficiency: Saves time and resources by enabling virtual testing.
• Comprehensive Data Library: Offers a robust repository of commercially available cells and their attributes.
• Advanced Modeling Capabilities: Supports informed decision-making for materials, cells, and system design.

The platform’s data-driven approach centralises essential data for virtual prototyping, allowing companies to make informed decisions that enhance battery performance and sustainability.

Impact on the UK Battery Industry

The UK battery industry is projected to soar to a value of $950 billion by 2030, with global battery production expected to reach 4.7 GWh. About:Energy is strategically positioned to influence this growth by addressing critical challenges in battery commercialisation through innovative solutions like The Voltt.

Driving Decarbonisation

Shortening battery design timelines contributes significantly to industry decarbonisation efforts. By enabling rapid and cost-effective development of battery products, About:Energy supports the transition to sustainable energy solutions across various sectors, including automotive, manufacturing, and aerospace.

Investor Insights

Investors have expressed optimism about About:Energy’s potential to revolutionise the battery technology landscape.

“Our partnership with About:Energy highlights the importance of innovation in the UK and our commitment to partnering with emerging leaders to shape the future of mobility.”
— Kieran Borrett, Plug and Play UK Director

“The Voltt will play a pivotal role in driving sustainability and decarbonisation throughout the entire battery supply chain, from mining and manufacturing to electric vehicles.”
— Felix Krause, Partner at Vireo Ventures

These endorsements reflect the strategic importance of About:Energy’s initiatives in fostering sustainable energy advancements.

Future Plans

With the newly secured funding, About:Energy plans to:

• Scale Their Battery Lab in London: Enhancing research and development capabilities.
• Expand the Team: Bringing in expertise to support growth and innovation.
• Integrate Research from Top Institutions: Collaborating with Imperial College London, the University of Birmingham, and The Faraday Institution to enrich The Voltt platform.
• Expand Intellectual Property Licenses: Increasing from three to five to leverage existing UK research in modelling, measurement, and machine learning technologies.

Gavin White, Co-Founder and CEO of About:Energy, stated:

“Our focus for the next 12 months is to establish About:Energy as a leading battery data and software company, leveraging the power of The Voltt to drive innovation across industry.”

Facilitating Energy Startup Funding: The Role of Platforms like Oriel IPO

Successful energy startup funding is not solely reliant on investor interest but also on accessible and transparent platforms that connect entrepreneurs with potential backers. Oriel IPO plays a crucial role in this ecosystem by providing an innovative online investment hub dedicated to connecting investors with startups through SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) opportunities.

How Oriel IPO Supports Startups

• Commission-Free Platform: Reduces the cost barrier for both investors and startups.
• Educational Resources: Demystifies the investment process for new and experienced investors.
• Community-Driven Model: Enhances networking and investment potential through robust community engagement.
• Secure Investment Environment: Ensures safe and transparent transactions without acting as a financial advisor.

By addressing the complexities and high costs traditionally associated with investing, platforms like Oriel IPO democratize access to energy startup funding, enabling companies like About:Energy to secure the necessary capital to innovate and grow.

Conclusion

The successful £1.5 million seed investment in About:Energy underscores the dynamic potential within the energy startup funding landscape. With innovative platforms like Oriel IPO facilitating these crucial connections, the future of energy technology in the UK looks promising. As About:Energy continues to lead in battery data innovation, supported by strategic investments and robust funding mechanisms, the pathway to a sustainable and technologically advanced energy sector becomes increasingly clear.

Ready to explore investment opportunities or seek funding for your energy startup? Visit Oriel IPO today and join a community dedicated to shaping the future of energy.