Innovate UK

Founded in 2007, Innovate UK is a non-profit organization based in Swindon, UK. It supports businesses across various economic sectors by offering funding services to promote science and technology innovations.

Mike Biddle

Programme Director of Industrial Strategy Challenge Fund

Will Drury

Executive Director, Digital and Technologies

Sara El-Hanfy

Head of Artificial Intelligence and Machine Learning

Paul Gadd

Deputy Director

Lisa Hazelden

Chief Product Officer

Jon Hazell

Strategic Account Management

Dr. Tom Jenkins

Deputy Director

Ben Masheder

Access to Funding and Finance Manager

Scott James O'Brien

Director, Innovation Finance

Nigel Walker

Deputy Director, Lending and Investor Partnerships

Past deals in Automotive

Q5D

Debt Financing in 2025
Q5D is an innovative company specializing in the automation of manufacturing and assembly processes for wiring looms. It develops advanced tools and laser micromachining technology that streamline the intricate connections of electric components. Q5D's solutions cater to various industrial sectors, including automotive, aerospace, consumer electronics, and robotics. By enabling the direct addition of wire and printed electronics onto product surfaces, the company enhances manufacturing quality, productivity, and functionality while simultaneously lowering production costs. This technology provides clients with a competitive advantage in achieving efficiency, resilience, and sustainability in their operations.

Altair

Grant in 2024
Altair Engineering, Inc. specializes in enterprise analytics and engineering software technologies, focusing on optimizing the analysis, management, and visualization of business and engineering information. The company's flagship products include HyperWorks, an enterprise simulation solution, and PBS GridWorks, which facilitates grid and on-demand computing. Altair's software suite supports various disciplines, including structures, fluids, and thermal management, enabling comprehensive product lifecycle management from concept design to operational use. Additionally, the company offers consultancy services and business intelligence solutions, catering to industries such as automotive, aerospace, defense, heavy equipment, consumer products, and financial services. Founded in 1985 and headquartered in Troy, Michigan, Altair has a global presence with offices in multiple countries, serving clients through a network of resellers and distributors.

Monumo

Grant in 2024
Monumo is a deeptech engineering company specializing in the creation of advanced electric motors. It leverages simulation, machine learning, AI, and motor design technology to develop next-generation EV motor systems that surpass human capabilities.

Q5D

Grant in 2024
Q5D is an innovative company specializing in the automation of manufacturing and assembly processes for wiring looms. It develops advanced tools and laser micromachining technology that streamline the intricate connections of electric components. Q5D's solutions cater to various industrial sectors, including automotive, aerospace, consumer electronics, and robotics. By enabling the direct addition of wire and printed electronics onto product surfaces, the company enhances manufacturing quality, productivity, and functionality while simultaneously lowering production costs. This technology provides clients with a competitive advantage in achieving efficiency, resilience, and sustainability in their operations.

Quinas Technology (ULTRARAM)

Grant in 2023
Quinas is a leading-edge developer of revolutionary next-generation dual-use semiconductor memory technology designed to drive the proliferation of intelligent devices for Future Compute, Novel AI and Military/Aerospace. ULTRARAM is a revolutionary new type of computer memory that was invented and is under development in the Physics Department at Lancaster University. It combines speed, endurance, retention, and energy efficiency into a single memory concept. These astonishing properties are achieved by harnessing a quantum mechanical effect called resonant tunnelling. Benefits to end user: Ultra-efficient - extending battery life and/or reducing battery weight in the field Non-volatile - data retained in the absence of power, instant reboot for fast response when power is restored. High endurance - high reliability with long lifetime High performance - no compromise in speed despite non-volatility Low carbon – reduces large system power consumption. Sectors: -Future Compute -Novel AI -Data Centres -Automotive -Military/Aerospace

Loop Technology

Seed Round in 2023
Loop Technology specializes in industrial automation solutions for manufacturing sectors such as aerospace, defense, and renewable energy. Their offerings include machine vision systems, motion control, robotics, precision machining, laser cleaning, and software to enhance production rates, component quality, and operational efficiency.

Dycotec Materials

Grant in 2023
Dycotec Materials is a manufacturer specializing in advanced materials, specifically insulator, dielectric, and conductive inks and films. The company serves the aerospace and automotive industries by providing innovative solutions that cater to electronics and clean technology applications. In addition to its manufacturing capabilities, Dycotec offers expertise in electronics design and software development, assisting clients in transforming their concepts from prototypes to final products. This comprehensive approach enables customers to access customized materials tailored for a diverse range of applications.

Chassis Autonomy

Grant in 2023
Specialising in the design, development, and production of fail-operational steer-by-wire and brake-by-wire systems for L4 and L5 autonomous vehicles.

RoboK

Grant in 2023
RoboK develops innovative computer vision technology to enhance safety and efficiency in industrial workplaces. Founded in 2017, the company transforms on-site visual data from CCTV cameras into valuable actionable insights for critical infrastructure operators.

TaiSan

Grant in 2023
TaiSan is a company focused on the development of innovative battery materials, specifically proprietary quasi-solid gel polymer electrolytes and sodium-potassium metal anodes. These advancements facilitate the creation of quasi-solid-state sodium batteries, which offer superior energy density compared to traditional battery technologies. TaiSan collaborates with battery manufacturers and automotive original equipment manufacturers (OEMs) to scale its technology, having signed 19 non-binding memoranda of understanding. The company's electrolyte and anode materials enhance the performance of sodium batteries, enabling faster charging, minimizing dendrite growth that can limit battery cycle life, and reducing leakage and fire risks. TaiSan's contributions aim to support the automotive industry's transition to more efficient and safer electric vehicles.

Recyclus Group

Grant in 2023
Recyclus Group is a company dedicated to end-to-end recycling services for lithium-ion and lead-acid batteries, primarily serving the automotive, aviation, and heavy vehicle markets. By focusing on the efficient recycling of these batteries, Recyclus aims to facilitate the transition towards electrification and promote environmentally sustainable consumption. The company's efforts enable clients to repurpose batteries, thereby contributing to a more sustainable approach to battery management and reducing environmental impact.

Unitrove

Grant in 2023
Unitrove is a clean energy solution provider. They maintain and review the environmental management system. Their services include clean energy, engineering, shipping, maritime, liquid hydrogen, bunkering, roads, and aviation.

AutoNeura

Grant in 2022
AutoNeura specializes in intelligent control software for vehicle propulsion system testing. It serves manufacturers, institutions, and powertrain test providers, aiming to reduce development costs while improving efficiency.

Unitrove

Grant in 2022
Unitrove is a clean energy solution provider. They maintain and review the environmental management system. Their services include clean energy, engineering, shipping, maritime, liquid hydrogen, bunkering, roads, and aviation.

EVware

Pre Seed Round in 2022
EVware is a next-generation digital platform that supports mobility companies in integrating advanced digital interfaces and connected services across various vehicle types. By leveraging its human-machine interface (HMI) and connected vehicle technology, EVware enables original equipment manufacturers (OEMs) to analyze data from mobility products effectively. This innovative approach allows OEMs to deliver sustainable transportation solutions to market more quickly and at significantly reduced costs compared to traditional methods. As a result, EVware plays a crucial role in enhancing the efficiency and affordability of vehicle development in the evolving mobility landscape.

Chassis Autonomy

Grant in 2022
Specialising in the design, development, and production of fail-operational steer-by-wire and brake-by-wire systems for L4 and L5 autonomous vehicles.

Grove Design

Grant in 2022
Grove Design provides design, engineering, product design, industrial design, and automotive engineering services. They also provide final testing and analysis, simulation and analysis, and manufacturing support services.

DeGould

Grant in 2022
DeGould Ltd is a leading provider of automated vehicle inspection solutions, specializing in the development of imaging and machine learning software for quality assurance in the automotive industry. The company is dedicated to enhancing customer value by delivering cutting-edge automated vehicle inspections and high-resolution imaging technology. DeGould's innovative product, Auto-compact, captures a multitude of images in seconds using advanced lighting techniques, allowing for the accurate detection of defects such as scratches, dents, and wheel scuffs. By replacing traditional manual inspections with AI-driven solutions, DeGould enables original equipment manufacturers (OEMs) and their supply chain partners to improve quality control while reducing operational costs. With a commitment to continuous technological advancement, DeGould serves a growing and satisfied global customer base.

OX Delivers

Grant in 2021
OX Delivers operates a smart logistics company focused on providing affordable, reliable transport services in underserved regions. The company offers zero-emissions electric trucks and a digital platform, aiming to enhance logistics efficiency, reduce costs, and expand market reach for businesses of all sizes.

Meritor

Grant in 2021
Meritor, Inc. is a manufacturer of integrated systems, modules, and components tailored for the commercial vehicle and industrial markets. Established in 1909 and headquartered in Troy, Michigan, the company specializes in drivetrain, mobility, braking, and suspension solutions for various applications, including medium- and heavy-duty trucks, trailers, off-highway machinery, and defense vehicles. Meritor operates through two main segments: Commercial Truck, which focuses on supplying drivetrain systems and components like axles and brakes, and Aftermarket and Industrial, which provides replacement parts to commercial vehicle and industrial aftermarket customers. The company markets its products under several brands, including Meritor, Euclid, and AxleTech, and distributes them primarily in North America, South America, Europe, and the Asia Pacific. With over a century of experience, Meritor is committed to delivering innovative solutions that meet the needs of original equipment manufacturers and aftermarket clients globally.

Potenza Technology

Grant in 2021
Potenza Technology Limited, established in 1999 and based in Warwickshire, United Kingdom, specializes in the design and manufacture of electric and hybrid powertrain systems. As a subsidiary of FPT Industrial S.p.A., the company focuses on low and zero-emission technologies, particularly in the development of high energy density lithium battery packs. Potenza Technology offers a comprehensive suite of services, including battery management systems, systems integration and control, as well as safety engineering for electric and hybrid vehicles. Its expertise extends to a range of automotive applications, encompassing body systems and powertrain control, positioning Potenza Technology as a key player in the evolving automotive sector.

OX Delivers

Grant in 2021
OX Delivers operates a smart logistics company focused on providing affordable, reliable transport services in underserved regions. The company offers zero-emissions electric trucks and a digital platform, aiming to enhance logistics efficiency, reduce costs, and expand market reach for businesses of all sizes.

Warwick Acoustics

Grant in 2020
Warwick Acoustics, established in 2002 and based in Nuneaton, UK, specialises in the development and manufacture of high-resolution audio systems. The company is renowned for its patented High Precision Electrostatic Laminate (HPEL) technology, which enables ultra-thin, lightweight speakers delivering superior audiophile performance across an extensive bandwidth. Warwick Acoustics focuses on creating innovative audio solutions for both the headphone market and the automotive industry, with a particular emphasis on enhancing the in-car audio experience within electric vehicles. Their products are designed from scratch to provide the best personal audio listening experience, while also promoting sustainability through the use of mass-upcycled and recyclable materials.

FuelActive

Grant in 2020
FuelActive Ltd is a manufacturer specializing in fuel delivery systems aimed at addressing fuel contamination issues. Founded in 1998 and based in Cardiff, United Kingdom, the company designs and develops innovative solutions, including fuel injectors and pumps, that significantly reduce fuel-related breakdowns, component replacements, and maintenance needs. Its products are tailored for various sectors, including construction, mining, transport, military, power generation, marine, and agriculture, ultimately enhancing fuel efficiency and minimizing harmful emissions. Formerly known as Fairwater Fuel Systems Limited, the company rebranded to FuelActive Ltd in June 2007. Through its comprehensive fuel pick-up unit, FuelActive provides an effective solution to the global challenge of fuel contamination, ensuring improved operational reliability for its clients.

Urban Electric Networks

Grant in 2019
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Clipper Automotive

Pre Seed Round in 2019
Clipper Automotive is a UK-based startup that develops and manufactures affordable electric taxis. It converts conventional taxis into electric vehicles, aiming to reduce emissions and provide cleaner transportation in urban areas. The company offers a subscription-based model for drivers, making electric taxis more accessible. Clipper Automotive has received support from InnovateUK and has raised £300k in pre-seed funding.

Urban Electric Networks

Grant in 2019
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Urban Electric Networks

Grant in 2018
Urban Electric Networks develops a network of urban electric vehicle charging points designed to support mass adoption of electric vehicles in cities. The company emphasizes low-impact infrastructure that minimizes street clutter, enabling residents to charge their vehicles while maintaining a clean streetscape. Its pop-up charging hubs retract fully underground when not in use, allowing charging facilities to be located along streets without visible infrastructure. The approach focuses on convenient, city-friendly charging across urban areas.

Lightfoot

Debt Financing in 2018
Lightfoot is an innovative cleantech engineering company based in the South West, specializing in real-time vehicle technology aimed at improving fuel efficiency and reducing emissions. The company has developed a dash-mounted device that connects directly to a vehicle's engine, providing drivers with audible and visual guidance to promote more efficient driving habits. This approach not only enhances fleet compliance but also prioritizes driver wellbeing. With a focus on delivering straightforward, cost-effective solutions, Lightfoot has received 22 awards for innovation and engineering, underscoring its commitment to addressing real-world global challenges while maintaining a competitive edge in the market.

Petalite

Grant in 2018
Petalite Limited, established in Birmingham, UK, in 2014, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on creating durable charging infrastructures designed for various electric vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's signature SDC Technology ensures a lifespan of up to 30 years, offering clients reliable solutions with low future costs.

Flock

Grant in 2017
Flock is a digital insurance company specializing in commercial motor fleets. It offers connected insurance that rewards safer driving with lower premiums, aiming to make roads quantifiably safer. Hundreds of companies trust Flock for protecting their vehicles and drivers, including Virtuo and Jaguar Land Rover's luxury leasing firm.

Petalite

Grant in 2017
Petalite Limited, established in Birmingham, UK, in 2014, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on creating durable charging infrastructures designed for various electric vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's signature SDC Technology ensures a lifespan of up to 30 years, offering clients reliable solutions with low future costs.

Lontra

Grant in 2015
Lontra Limited, established in 2004 and headquartered in Napton-on-the-Hill, UK, specializes in the development and manufacturing of innovative air and gas compressors. The company's flagship product, the Blade Compressor, is a patented, rotary device that offers up to a third more efficiency than traditional compressors, reducing energy consumption and enhancing reliability. Lontra serves a diverse range of industries, including automotive, wastewater treatment, manufacturing, and power generation, both in the UK and internationally. Backed by prominent industrial partners and supported by numerous grants and awards, Lontra continues to expand its product portfolio and explore new compressor applications.

Magnetic Systems Technology

Magtec designs and manufactures electric drive systems and components for all vehicle types. Magtec routinely undertakes the electric system installation design including all interfaces with the existing vehicle systems to meet the required EMC and safety standards. This will normally include the vehicle control system software development including CAN network interfaces and bridges. The company will work with a customer’s design team to develop the mechanical installation of the drive system into a vehicle. Magtec will also undertake the complete mechanical installation design if requested. Magtec has a highly skilled service department which together with our remote diagnostic tools allows us to provide after sales service and support worldwide. Magtec will also provide training to vehicle fleet operators or vehicle OEM's service agents as required.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.