ETA Green Power raises £4.2m from GWC to develop electric drive systems for off road vehicles.
The funding round was led by GWC, with members contributing over £2m.
ETA Green Power designs electric drive systems for low voltage applications, focusing on off road vehicles as an alternative to internal combustion engines.
ETA Green Power has secured £4.2m in funding led by GWC, with GWC members contributing over £2m to the total. The company develops electric drive systems designed for low voltage applications and off road vehicles, aiming to provide a commercially viable substitute for internal combustion engines. Its technology offers high efficiency at elevated torques to extend battery life and vehicle range. The capital will support the business as it targets the growing demand for the electrification of off road equipment.
From the founder
"are pleased with the efficiency in GWC supported ETA’s investment round"
David Morgan
CEO at ETA Green Power
Investor perspective
"Our members were very impressed with the technology, the size of the commercial market and the leadership team."
Ian Leigh
CEO and Founder, GWC
Investors
Categories
About the company
ETA Green Power
ETA Green Power develops high efficiency electric drive systems for off road vehicles.