The Northampton start-up raised the capital from the British Design Fund and angel investors.
"The emergency services have been tasked with reducing their emissions and face some unique challenges in doing so. They need their first response vehicles to be ready when they’re needed and available to go when they need to go. A lack of fast charging infrastructure and issues with installing them onsite, currently makes it very difficult to fully switch to EVs."
The round was led by Balderton Capital and Lakestar with backing from a broad syndicate of funds and angel investors.
"We started an energy company because it can solve two of the world’s greatest problems: rising energy prices and climate change. While at Revolut, we saw how ageing incumbents and broken business models held the system back and how modern technology and an open-minded approach helped consumers worldwide. The energy industry plays a fundamental role in people’s lives yet regularly leaves customers dissatisfied. It is ripe for disruption in the same way as the banking sector was."
The pre-seed round was led by Atlantic Labs to support the construction of a prototype recycling facility.
"We need to act now and build a scalable and robust battery recycling process. At tozero, we’re committed to challenging the status quo of the material life-cycle to accelerate decarbonisation. This will allow us to enter the electrification era without worries, continue innovation and increase quality of life without compromising"
The funding was led by The Conduit Impact Fund alongside participation from SIS Ventures, Equity Gap, Old College Capital and Scottish Enterprise.
"Our process is championing the circular economy and the investment we have secured will be transformational in helping MiAlgae scale quickly both locally and abroad."
The Series A round was led by Untitled VC and will support national expansion and technological development.
"This new funding will be used primarily to develop our technology and invest deeply into the complete decarbonisation of our proprietary washing process."