The Thinking Pod innovations Secures £340K in Funding
Summary
The Thinking Pod innovations, a University of Nottingham, UK-based spin-out providing power converters and motor drive systems, £340K in funding. The company intends to use the funds to enable further development of its DC-to-DC modular converter unit for use in electric vehicles, and the creation of commercial licence agreements and patents. In collaboration with the University of Nottingham, TTPi has developed technology that enables the creation of smaller, lighter, more efficient power converters and motor drive systems, which are essential in electric vehicles, aircraft, and any dynamic industrial processes that rely on electricity as a power source. He is joined by Dr Simon Hart, an Honorary Associate Professor (Electrification of Transportation) and an Entrepreneur in Residence at the University of Nottingham, who has held senior positions at several technology companies, and Riona Armesmith, CTO at magniX, a company that is pioneering the development of electric aircraft. Founded in 2017, the company has been funded through grants from Innovate UK, UKRI, Driving the Electric Revolution and income generated from commercial development agreements with partners such as Advanced Electric Machines, National Grid ESO and Infineon Technologies.