Acceleris’ portfolio company secures £3m investment
Investors in this round: Acceleris Ventures syndicate, Indigo 7 Ventures, Kero Development Partners, RAB Capital and the Future Fund
Power Roll, a portfolio company of Acceleris Capital has secured a further £3m investment. Resulting in a total of £5.8m invested in the last 6 months.
Power Roll has invented a fundamentally new way to generate and store energy. The solar pv produces clean, renewable energy at a fraction of the cost of any other sources. Power Roll also produces capacitors using flexible film enabling roll-to-roll manufacturing, using a range of dielectric and storage materials.
“The success of our latest funding round will ensure that we have sufficient capital to meet key milestones as we scale up the technology,” said Power Roll chief executive Neil Spann.
“As well as opening our roll-to-roll pilot plant for our unique solar film this year, we are developing other applications including capacitors and sensors, and are strengthening our team to support market delivery.”
Patrick Molyneux, corporate finance director at Acceleris, added: “Power Roll is one of the UK’s most exciting technology companies and fits in with our sustainable investment thesis that targets companies looking to address global opportunities in the energy transition.
“We are very pleased with the investment syndicate that has been brought together for this pivotal funding round and are looking forward to the company going from strength to strength.”
The corporate finance adviser on the deal was Acceleris Capital, while Square One Law provided legals.