Series A20 July 2022

Brill Power secures £8.7m Series A investment led by Legal & General Capital and Barclays Sustainable Impact Capital Programme

The funding will support team growth and product development for energy storage and electric vehicles.

£8.7MSeries A

Brill Power develops intelligent battery management systems designed to improve performance and extend lifespan across stationary storage and electric vehicles. Originating from research at the University of Oxford, the company provides hardware and software solutions intended to accelerate the transition to zero emissions.

Oxford University spin-out Brill Power has secured £8.7m in Series A funding to expand its team and develop new products for the stationary energy storage and electric vehicle sectors. The investment round was co-led by Legal & General Capital and Barclays Sustainable Impact Capital Programme, with participation from existing backers including Oxford Science Enterprises, Oxford Investment Consultants and the University of Oxford. Shell Ventures and Climate Kic also joined as new shareholders.

The capital will support the company as it increases its engineering and commercial headcount and advances its remote analytics platform. Brill Power aims to scale its proprietary active loading technology, which optimises battery life and energy discharge through combined hardware and software control.

From the founder

"Thanks to our exceptional team at Brill, we have made great strides over the past two years. We have a ground-breaking commercial product in the marketplace and a pipeline of new developments and products to address the stationary energy storage and automotive markets. Our progress and our potential has attracted an impressive cadre of both existing and new investors."

Christoph Birkl

CEO at Brill Power

Investor perspective

"As we grow our climate and clean energy platform, investing in Brill Power is an exciting move into energy storage technologies that are crucial to enable an increase of renewables on the power grid, electrification of transport, and to power our homes, businesses and key infrastructure. Through extended lifetimes, improved safety, and waste reduction, Brill Power’s work is setting a new standard for how to store and use clean power to accelerate progress to our net zero emissions goals."

John Bromley

Managing Director, Clean Energy, Legal & General Capital