Battery tech start-up Dukosi raises £2m
The Edinburgh-based business will use the funding to take its semiconductor model through its final development stage, as well as recruiting more staff
Battery tech start-up Duksoi has raised £2m in its latest funding founding round.
Investment was led by IP Group, Scottish Investment Bank, Scottish Enterprise, and members of Par Equity.
The Edinburgh-based business specialises in battery management systems for electric vehicles and energy storage.
Looking to reduce the cost and weight of large batteries, Dukosi will use the funding to take its semiconductor model through its final development stage, as well as recruiting more staff in electronics design, software, cell modelling and electrochemistry.
Clive Scrivener, chairman of Dukosi, said:
“Our technology resonates with stakeholders throughout the battery supply chain and with the users of battery packs, who all recognise that innovation has a key role to play in meeting the growing demands of managing complex battery systems.
“With this funding, we’re taking the next step to make our vision a reality and bring a new level of intelligence to batteries.”
Jamie Vollbracht, director, cleantech at IP Group said:
“We back companies with transformative approaches to provide clean energy. Technologies that bring more intelligence to batteries represent a compelling area for investment and we are delighted with the tremendous progress the Dukosi team has made since our first investment in 2014. We look forward to seeing this technology being used to optimise batteries in a host of different applications.”