Innovate UK

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.

Mike Biddle

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 Electric Vehicle

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.

Brompton Bicycle

Grant in 2024
Brompton Bicycle is a manufacturer of folding bicycles based in West London, England. The company specializes in the design and production of the Brompton folding bike, catering to urban residents and commuters. In addition to its signature bicycles, Brompton offers a range of products including electric bikes, bags, clothing, helmets, and various bicycle parts and accessories. These products are available through a network of retail stores and an e-commerce platform, as well as through bike rental services. Brompton Bicycle promotes sustainable and healthy transportation options for its customers.

Flock Mobility

Grant in 2024
Flock Mobility, a UK-based B2B cleantech company, specialises in optimising electric vehicle (EV) fleets for shared transport services. Backed by the European Space Agency, Flock's AI-driven platform enhances vehicle utilisation, routing, and booking, empowering operators to reduce emissions, lower costs, and improve mobility access.

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.

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.

Dynex Semiconductor

Grant in 2023
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

Greenjets

Grant in 2022
Greenjets, founded in 2019 and spun out of Blue Bear Systems Research in December 2022, specializes in developing quiet, safe, and efficient propulsion systems aimed at promoting sustainable aviation. The company provides an innovative approach to private flying that prioritizes environmental responsibility. By offering advanced propulsion solutions, Greenjets seeks to facilitate the transition to sustainable aviation practices, enabling companies and individuals to fly privately while minimizing their ecological footprint.

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.

Greenjets

Grant in 2022
Greenjets, founded in 2019 and spun out of Blue Bear Systems Research in December 2022, specializes in developing quiet, safe, and efficient propulsion systems aimed at promoting sustainable aviation. The company provides an innovative approach to private flying that prioritizes environmental responsibility. By offering advanced propulsion solutions, Greenjets seeks to facilitate the transition to sustainable aviation practices, enabling companies and individuals to fly privately while minimizing their ecological footprint.

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.

Greenjets

Grant in 2022
Greenjets, founded in 2019 and spun out of Blue Bear Systems Research in December 2022, specializes in developing quiet, safe, and efficient propulsion systems aimed at promoting sustainable aviation. The company provides an innovative approach to private flying that prioritizes environmental responsibility. By offering advanced propulsion solutions, Greenjets seeks to facilitate the transition to sustainable aviation practices, enabling companies and individuals to fly privately while minimizing their ecological footprint.

ev.energy

Grant in 2022
Ev.energy is a London-based smart charging software platform for electric vehicles, founded in 2018. The company specializes in energy intelligence software that connects wirelessly to various electric vehicles and Level 2 chargers. It intelligently manages the charging process in alignment with utility and network signals, aiming to make charging both cleaner and more affordable for users. Through a mobile application, Ev.energy engages customers and offers rewards, enabling them to charge their electric vehicles at home while effectively reducing both costs and carbon emissions.

Dynex Semiconductor

Grant in 2022
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

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.

Addionics

Grant in 2021
Addionics is a London-based company, founded in 2017, that specializes in the design and development of next-generation rechargeable batteries, particularly for electric vehicles. The company utilizes an innovative 3D battery architecture to create batteries with improved energy density, reduced charging times, and enhanced safety. By redesigning the internal structure of batteries at a microscopic level, Addionics aims to minimize internal resistance and increase mechanical longevity, which significantly enhances performance across various battery chemistries. The company is focused on scaling its proprietary technology to revolutionize energy storage solutions and positively impact environmental sustainability, catering to the growing demand from battery manufacturers and automakers for advanced energy storage systems.

Bonnet

Grant in 2021
Bonnet Ltd. is a London-based company founded in 2019 that specializes in a charging-as-a-service platform for electric vehicle drivers. The company addresses the challenges faced by drivers who must register separately for multiple public charging networks by offering a single app that enables access to any public charger. This streamlined service caters to both individual drivers and businesses, simplifying the charging process and enhancing the overall user experience for electric vehicle owners.

Levistor

Grant in 2021
Levistor is a British company focused on advancing energy storage solutions specifically for electric vehicles. The company is developing a cost-effective and durable technology that facilitates ultra-rapid charging for EVs. This innovative approach aims to enhance the efficiency of battery performance while minimizing environmental impact by replacing harmful battery chemicals with more conventional materials like steel and copper, which have a lower carbon footprint. Levistor's technology is designed to meet the growing demand for electric transport by ensuring that stored energy can be quickly delivered to vehicles upon arrival.

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.

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.

Connected Energy

Grant in 2021
Connected Energy Ltd specializes in energy storage solutions through its E-STOR technology, which repurposes used electric vehicle batteries for stationary energy storage systems. Founded in 2010 and headquartered in Newcastle upon Tyne, United Kingdom, the company is a subsidiary of Future Transport Systems Ltd. E-STOR enables businesses to store excess energy for later use, optimizing energy efficiency and savings. This innovative technology is compatible with various electric vehicle battery packs, allowing it to communicate using the original equipment manufacturer's proprietary protocols. Connected Energy's systems are operational in several European countries, including the UK, Belgium, Germany, and the Netherlands, with capacities ranging from 60 kW to 1.2 MW, and plans for larger installations exceeding 10 MW. The company's services cater to multiple sectors, including healthcare, education, industry, retail, utilities, and local authorities.

Diode

Grant in 2020
Diode is a company focused on facilitating the transition to electric vehicles and net zero products for businesses. It provides electric vehicle suitability assessments, infrastructure recommendations, and charge point procurement services tailored to various business needs. Additionally, Diode operates a sales enablement platform designed to help consumers adopt sustainable products through engaging digital experiences and personalized survey tools. This platform enhances customer engagement and retention by delivering tailored recommendations, ultimately driving sales growth and improving customer satisfaction. Through its innovative approach, Diode aims to support businesses in navigating the shift towards energy-efficient technologies and contribute to the broader adoption of sustainable practices.

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.

Trojan Energy

Grant in 2020
Trojan Energy Limited, established in 2016 and headquartered in Stonehaven, United Kingdom, specializes in providing innovative charging infrastructure solutions for electric vehicles. The company focuses on the development of on-street flat and flush charging points, addressing the challenges faced by vehicle owners who lack access to off-street parking. This system allows drivers to park their vehicles in available street spaces and utilize an on-street charging lance, thereby enhancing the convenience and practicality of electric vehicle usage. Trojan Energy aims to support the widespread adoption of electric vehicles by ensuring that charging options are accessible to all, regardless of their parking situation.

Greenjets

Grant in 2020
Greenjets, founded in 2019 and spun out of Blue Bear Systems Research in December 2022, specializes in developing quiet, safe, and efficient propulsion systems aimed at promoting sustainable aviation. The company provides an innovative approach to private flying that prioritizes environmental responsibility. By offering advanced propulsion solutions, Greenjets seeks to facilitate the transition to sustainable aviation practices, enabling companies and individuals to fly privately while minimizing their ecological footprint.

ev.energy

Grant in 2019
Ev.energy is a London-based smart charging software platform for electric vehicles, founded in 2018. The company specializes in energy intelligence software that connects wirelessly to various electric vehicles and Level 2 chargers. It intelligently manages the charging process in alignment with utility and network signals, aiming to make charging both cleaner and more affordable for users. Through a mobile application, Ev.energy engages customers and offers rewards, enabling them to charge their electric vehicles at home while effectively reducing both costs and carbon emissions.

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.

Centre for Renewable Energy Systems Technology

Grant in 2019
For over 20 years CREST (Centre for Renewable Energy Systems Technology) has overseen the research and development of the most progressive renewable energy technologies. New technologies to develop viable fossil fuel alternatives and support rapid growth within the global sustainable energy sector are essential. CREST continues to instigate, lead and deliver high quality, original research, collaborating with industry and international academic networks.

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.

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

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.

Dearman

Grant in 2017
Dearman Ltd. specializes in clean cold and power technologies that utilize liquid air-powered engines. The company's primary innovation is the Dearman engine, a piston engine that operates on the expansion of liquid nitrogen or liquid air, providing zero-emission power and cooling solutions. This technology is applied in various sectors, including refrigerated transport for food and medicine, backup power and cooling for buildings, and urban vehicles such as city buses. Founded in 2011 and headquartered in London, Dearman aims to deliver significant reductions in operating costs, fuel consumption, and emissions through its proprietary technologies. The company is recognized for its commitment to innovation and engineering excellence, striving to contribute to a cleaner and more sustainable environment.

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.

Hyperdrive Innovation

Grant in 2016
Hyperdrive Innovation Limited is a company based in Sunderland, United Kingdom, specializing in the development, manufacturing, and sale of lithium-ion battery technology. Founded in 2012, it focuses on providing innovative solutions for original equipment manufacturers (OEMs) and applications in electric vehicles, battery energy storage systems, as well as residential and commercial settings. The company offers a comprehensive approach that encompasses design, integration, and scalable manufacturing, which allows its clients to gain a competitive edge in the market by ensuring reliable and efficient energy solutions.

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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