The Worcestershire-based smart energy technology company secured the financing to expand its customer base and accelerate product development.
"Indra’s core mission is to make energy smarter to help enable the road to Net Zero. This additional investment shows the depth of confidence in our ground-breaking technology as we continue to push boundaries and unlock the potential of EVs as portable energy sources for a sustainable, greener energy ecosystem."
Gulf Oil International led the Series B round to support the growth of bidirectional EV charging technology.
"Indra's core mission is to make energy smarter to help enable the road to Net Zero. This additional investment shows the depth of confidence in our ground-breaking technology as we continue to push boundaries and unlock the potential of EVs as portable energy sources for a sustainable, greener energy ecosystem."
The funding round was led by Zouk Capital alongside new investor Vortex Energy.
"We’re super excited to welcome Vortex Energy as our new growth investor alongside our long-term and trusted partner, Zouk Capital. The combined knowledge, international experience, and funding capacity will accelerate our growth, expand geographic reach, and drive innovation to deliver an ever-advancing suite of solutions to our customers not only in the UK and Europe but in fast-growing markets like North America."
The funding will support North Sea Systems in building new systems and growing its team.
"The past decade has been an exciting journey for our team, as we worked to refine our innovative systems and establish our technology in an industry where precision, reliability and reputation is vital."