Cheesecake Energy secures £3.5m in pre-series A funding from BGF to expand operations and deploy pilot projects.
The funding round was led by BGF and will support team expansion, pilot deployments, and global partnerships.
Cheesecake Energy is an energy storage startup based in Nottingham that develops thermal and compressed air systems to store electricity. Its eTanker technology provides a sustainable alternative to lithium-ion batteries across various static applications.
Cheesecake Energy has raised £3.5m in pre-series A funding to advance its energy storage technology. The investment was led by BGF, with participation from Perivoli Innovations and private backers including Sir John Egan.
The capital will support the expansion of the team, the launch of initial pilot projects, and the establishment of international manufacturing and distribution partnerships. The company's eTanker system stores electricity using heat and compressed air, offering an alternative to conventional lithium-ion batteries.
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
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About the company
Cheesecake Energy
Cheesecake Energy develops novel thermal and compressed air energy storage systems for static applications.