Innovate UK is a non-departmental public body established in 2007 and based in Swindon, United Kingdom. Funded by a government grant, it supports innovation in science and technology by providing funding services to businesses across various sectors and regions. The organization aims to drive productivity and economic growth by facilitating advancements that contribute to the UK’s economic landscape. In addition to funding, Innovate UK offers a range of services and information related to business and economic development, thereby fostering a supportive environment for innovation.
Programme Director of Industrial Strategy Challenge Fund
Will Drury
Executive Director, Digital and Technologies
Paul Gadd
Deputy Director
Dr. Tom Jenkins
Deputy Director
Scott James O'Brien
Director, Innovation Finance
Nigel Walker
Deputy Director, Lending and Investor Partnerships
Dave Wilkes
Director of Innovation Ecosystem
Past deals in Automotive
Q5D
Debt Financing in 2025
Q5D is an innovative company that specializes in automating the manufacture and assembly of wiring looms and harnesses across various industrial sectors. By developing advanced laser micromachining technology, Q5D streamlines the intricate process of connecting electrical components. This technology enhances global manufacturing capabilities, particularly in consumer goods, electronics, automotive, aerospace, and robotics. By enabling the direct addition of wires and printed electronics to product surfaces, Q5D improves quality, productivity, and functionality while reducing manufacturing costs. As a result, the company provides its clients with a significant 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 development of advanced electric motors. By integrating simulation, machine learning, and artificial intelligence with innovative motor design, Monumo aims to create next-generation electric vehicle motor systems that exceed traditional human capabilities. The company focuses on enhancing the efficiency of energy use globally through its cutting-edge electromagnetic engineering tools. These tools are designed to optimize electric motors to their fundamental limits, leveraging a blend of advanced electronic and mechanical engineering expertise alongside the latest technological advancements. Monumo's efforts contribute to the establishment of a more sustainable future.
Q5D
Grant in 2024
Q5D is an innovative company that specializes in automating the manufacture and assembly of wiring looms and harnesses across various industrial sectors. By developing advanced laser micromachining technology, Q5D streamlines the intricate process of connecting electrical components. This technology enhances global manufacturing capabilities, particularly in consumer goods, electronics, automotive, aerospace, and robotics. By enabling the direct addition of wires and printed electronics to product surfaces, Q5D improves quality, productivity, and functionality while reducing manufacturing costs. As a result, the company provides its clients with a significant 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 and robotics, focusing on enhancing output and ensuring consistent product quality. The company offers a diverse array of services, including labeling, machining, bespoke solutions, assembly, and laser cleaning. Additionally, Loop Technology supports industries such as aerospace, automotive, and renewable energy by providing high-value manufacturing automation technology. Their offerings also include a loop leasing program, vision systems, and software development, catering to the increasing demand for composite materials in manufacturing processes. Loop Technology aims to streamline production and improve efficiency across various sectors.
Dycotec Materials
Grant in 2023
Dycotec Materials is a manufacturer specializing in advanced materials for the aerospace and automotive industries, focusing on insulator, dielectric, and overcoat inks and films. The company produces conductive, insulator, and barrier layer inks and coatings, catering to a wide array of electronics and clean technology applications. In addition to its manufacturing capabilities, Dycotec Materials provides expertise in electronics design and software development, guiding clients from the prototype stage to product release. This comprehensive approach enables customers to obtain customized materials suitable for diverse applications.
Chassis Autonomy
Grant in 2023
Chassis Autonomy focuses on the design, development, and manufacturing of steer-by-wire and brake-by-wire systems specifically for Level 4 and Level 5 autonomous vehicles. The company aims to enhance autonomous mobility by creating fail-operational steering and braking systems that ensure safety and reliability in highly automated and fully autonomous vehicles. Through its comprehensive approach, Chassis Autonomy contributes to the advancement of safe and efficient transportation solutions in the realm of autonomous technology.
RoboK
Grant in 2023
RoboK is a computer vision startup based in Cambridge, United Kingdom, founded in 2017. The company specializes in designing and developing simultaneous localization and mapping (SLAM) algorithms and advanced 3D sensing technologies tailored for automotive and industrial applications, including autonomous driving and machine automation. RoboK focuses on enhancing safety and performance in industrial workplaces through innovative, privacy-preserving technology that optimizes the capabilities of existing CCTV systems. By transforming visual data from large-scale transport and logistics infrastructures into actionable insights, RoboK collaborates with major operators in critical sectors to deliver enhanced object detection, classification, and tracking. The company aims to maximize the value of visual data, turning passive surveillance systems into proactive tools for efficiency and safety.
TaiSan
Grant in 2023
TaiSan is a company focused on developing innovative battery materials, specifically proprietary quasi-solid gel polymer electrolytes and sodium-potassium metal anodes that facilitate the creation of quasi-solid-state sodium batteries. This technology significantly enhances energy density, making it particularly suitable for battery electric vehicles. By collaborating with battery and automotive original equipment manufacturers, TaiSan aims to scale its technology, having already established 19 non-binding memoranda of understanding. The company's advancements contribute to faster charging capabilities, reduced dendrite growth that can compromise battery life, and minimized risks associated with leakage and fire.
Recyclus Group
Grant in 2023
Recyclus Group specializes in the recycling of lithium-ion and lead-acid batteries, catering to various sectors including automotive, aviation, and heavy vehicles. The company aims to provide comprehensive national recycling services, facilitating the transition towards electrification and promoting environmentally friendly practices. By enabling clients to reuse batteries, Recyclus Group contributes to sustainable consumption and supports the broader movement towards cleaner energy solutions.
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 is a company that specializes in developing intelligent software aimed at enhancing the efficiency of vehicle propulsion system development and testing. By providing a platform that integrates engineering with physics, AutoNeura enables vehicle manufacturers, institutions, and hardware producers to conduct complex tests on propulsion systems using existing hardware. This approach significantly reduces costs associated with vehicle development and testing processes. The company’s technology facilitates better control of systems, data analytics, and digitalization, ultimately improving the overall value chain for vehicle production and enhancing the bottom line for its customers.
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 digital platform focused on enhancing mobility solutions by providing modern digital interfaces and connected services for various types of vehicles. The company specializes in human-machine interface (HMI) and connected vehicle technology, enabling original equipment manufacturers (OEMs) to analyze data from mobility products effectively. By streamlining the integration process, EVware allows OEMs to bring sustainable transport solutions to market more efficiently and at a significantly lower cost compared to traditional methods. This approach not only accelerates the development timeline for new mobility products but also supports the growing demand for innovative transportation options.
Chassis Autonomy
Grant in 2022
Chassis Autonomy focuses on the design, development, and manufacturing of steer-by-wire and brake-by-wire systems specifically for Level 4 and Level 5 autonomous vehicles. The company aims to enhance autonomous mobility by creating fail-operational steering and braking systems that ensure safety and reliability in highly automated and fully autonomous vehicles. Through its comprehensive approach, Chassis Autonomy contributes to the advancement of safe and efficient transportation solutions in the realm of autonomous technology.
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 leader in automated vehicle inspections, specializing in providing advanced imaging and machine learning software for original equipment manufacturers (OEMs) and their supply chains. The company's mission is to enhance value for customers through innovative automated vehicle inspections and high-quality imagery. DeGould has implemented its imaging solutions globally within major OEMs and supply chain partners, continuously advancing its technology to meet growing demand. Their latest innovation, Auto-compact, features high-resolution image capture in a compact design, utilizing a combination of lighting techniques to quickly produce hundreds of images. This technology employs artificial intelligence to detect minor imperfections such as scratches, dents, and wheel scuffs, effectively eliminating the need for manual inspections. By offering precise vehicle condition records and facilitating quality assurance during handover and inspection checkpoints, DeGould helps OEMs and their supply chains reduce costs and enhance product quality.
OX Delivers
Grant in 2021
OX Delivers is a smart logistics company focused on providing affordable transport solutions in emerging markets. The company aims to create a self-reinforcing cycle of economic growth and social impact by developing a clean-transport ecosystem. This ecosystem integrates goods shipment with financial, trading, and marketing services, all facilitated by their unique zero-emissions OX truck, which is specifically designed for the needs of emerging markets. By offering a transport-as-a-service model, OX Delivers enables businesses of all sizes to efficiently and sustainably bring their products to market.
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 development of electric and hybrid powertrain systems. As a subsidiary of FPT Industrial S.p.A., the company focuses on low and zero-emission technology, offering expertise in battery management systems, systems integration and control, and safety engineering. Potenza Technology designs and manufactures prototype and low-volume high-energy density lithium battery packs, providing clients with a comprehensive range of electronics systems tailored for automotive applications, including body systems and powertrain control.
OX Delivers
Grant in 2021
OX Delivers is a smart logistics company focused on providing affordable transport solutions in emerging markets. The company aims to create a self-reinforcing cycle of economic growth and social impact by developing a clean-transport ecosystem. This ecosystem integrates goods shipment with financial, trading, and marketing services, all facilitated by their unique zero-emissions OX truck, which is specifically designed for the needs of emerging markets. By offering a transport-as-a-service model, OX Delivers enables businesses of all sizes to efficiently and sustainably bring their products to market.
Warwick Acoustics
Grant in 2020
Warwick Acoustics, established in 2002 and headquartered in Nuneaton, UK, specialises in the development and manufacture of high-resolution audio systems. The company's patented High Precision Electrostatic Laminate (HPEL) technology enables it to produce ultra-thin, lightweight speakers that deliver audiophile-quality sound across a broader bandwidth than traditional speakers, while being more environmentally friendly due to their recyclable materials. Warwick Acoustics focuses on creating exceptional personal audio experiences, with a particular emphasis on the automotive sector, aiming to revolutionise in-car audio, especially within electric vehicles.
FuelActive
Grant in 2020
FuelActive Ltd specializes in the manufacture of fuel delivery systems aimed at addressing fuel contamination issues. Founded in 1998 and based in Cardiff, United Kingdom, the company offers solutions that help eliminate fuel-related breakdowns, reduce machine downtime and maintenance, and improve fuel efficiency. Its innovative fuel pick-up units and associated technologies are designed to prevent filter blockages and engine failures, serving various sectors including construction, mining, transport, military, power generation, marine, and agriculture. Originally established as Fairwater Fuel Systems Limited, the company rebranded to FuelActive Ltd in June 2007 to reflect its focus on advanced fuel management solutions.
Urban Electric
Grant in 2019
Urban Electric is focused on establishing a comprehensive urban electric vehicle charging network. The company has developed an innovative retractable on-street charging solution aimed at assisting drivers who lack access to private garages or driveways. Their application-operated charging hubs are designed with multiple chargers per location and can be fully retracted underground when not in use, significantly reducing their visual impact on the streetscape. This unique approach allows for the convenient placement of charging stations directly in residential areas, enhancing accessibility for electric vehicle owners while maintaining the aesthetic of urban environments.
Urban Electric
Grant in 2019
Urban Electric is focused on establishing a comprehensive urban electric vehicle charging network. The company has developed an innovative retractable on-street charging solution aimed at assisting drivers who lack access to private garages or driveways. Their application-operated charging hubs are designed with multiple chargers per location and can be fully retracted underground when not in use, significantly reducing their visual impact on the streetscape. This unique approach allows for the convenient placement of charging stations directly in residential areas, enhancing accessibility for electric vehicle owners while maintaining the aesthetic of urban environments.
Urban Electric
Grant in 2018
Urban Electric is focused on establishing a comprehensive urban electric vehicle charging network. The company has developed an innovative retractable on-street charging solution aimed at assisting drivers who lack access to private garages or driveways. Their application-operated charging hubs are designed with multiple chargers per location and can be fully retracted underground when not in use, significantly reducing their visual impact on the streetscape. This unique approach allows for the convenient placement of charging stations directly in residential areas, enhancing accessibility for electric vehicle owners while maintaining the aesthetic of urban environments.
Petalite
Grant in 2018
Petalite Limited, founded in 2014 and headquartered in Birmingham, United Kingdom, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on enhancing EV charging solutions for various vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's proprietary SDC Technology is designed to provide a durable charging infrastructure with a lifespan of up to 30 years, ensuring low future costs and reliable service for clients. By addressing the challenges in the EV charging sector, Petalite aims to facilitate the transition to a net-zero future.
Flock
Grant in 2017
Flock is a digital insurance provider that focuses on commercial motor fleets, aiming to enhance safety through connected insurance solutions. By utilizing real-time data, Flock offers tailored insurance coverage for various vehicle types, including cars, vans, and trucks. This approach not only incentivizes safer driving practices but also allows fleet owners to access valuable insights to improve safety standards. The company has gained the trust of numerous clients, including well-known brands like Virtuo and Jaguar Land Rover's luxury leasing firm, The Out. Supported by prominent venture capital firms, Flock aspires to become a leader in the digital insurance market, particularly for connected and autonomous vehicles.
Oxa
Grant in 2017
Oxa is a developer of autonomous vehicle software that focuses on creating AI-based platforms for the operation and scaling of fleets of autonomous vehicles. The company's technology combines laser vision and radar for effective localization, allowing autonomous systems to understand their surroundings and navigate safely in complex environments. Oxa's software is designed to operate with low compute power requirements, making it accessible for various business applications. By providing solutions that enhance vehicle positioning and movement prediction, Oxa enables clients to implement and accelerate the deployment of autonomous vehicles in a range of settings.
Petalite
Grant in 2017
Petalite Limited, founded in 2014 and headquartered in Birmingham, United Kingdom, specializes in developing advanced electric vehicle (EV) charging technologies and services. The company focuses on enhancing EV charging solutions for various vehicles, including heavy goods vehicles, buses, trains, and aircraft. Petalite's proprietary SDC Technology is designed to provide a durable charging infrastructure with a lifespan of up to 30 years, ensuring low future costs and reliable service for clients. By addressing the challenges in the EV charging sector, Petalite aims to facilitate the transition to a net-zero future.
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.
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