Birmingham sustainable battery manufacturer raises further £2.5m to boost growth
Summary
Aceleron has developed a lithium battery platform technology which enables easy repair and reuse over time, thus reducing cost and waste. Founded in 2016 by Amrit Chandan and Carlton Cummins, the company now offers products for both domestic and commercial applications and sells to customers in Europe, North and South America, Africa and India. Since 2017, Aceleron has also partnered with Shell Foundation, an independent charity that applies business thinking to the global development challenges of access to energy and transport services. Sam Parker, CEO of Shell Foundation added: “We have supported Aceleron for the last four years in the belief that its battery technology is a game changer for enterprises operating in off-grid or poor-grid areas in emerging markets. This follow-on funding deal will further strengthen Aceleron’s already impressive growth potential, scaling its battery technology to play a key role in ending energy poverty and addressing climate change.”