Vantage Power raises over £3.5m from Green Angel Syndicate and Angel CoFund
Vantage Power develops retrofittable hybrid electric powertrains and telematics software for diesel buses.
Vantage Power has secured over £3.5m in its latest funding round, backed by Green Angel Syndicate and the Angel CoFund alongside existing investors. The London-based developer creates retrofittable hybrid electric powertrains and telematics software designed to reduce bus emissions and improve fleet efficiency.
The capital will support the upcoming deployment of its technology on buses across London and other urban areas in the UK and internationally. The transaction marks the first time Green Angel Syndicate has co-invested alongside the Angel CoFund.
From the founder
"We are delighted that Green Angel Syndicate has joined this latest round. We welcome their expertise and support as we move into the next phase of our development."
Alex Schey
CEO at Vantage Power
Investor perspective
"Vantage Power is providing a cost effective solution for bus operators that are facing stringent regulations on emissions as cities strive to improve air quality and the health of their citizens. We look forward to continuing to support Vantage Power on its journey."
Nick Lyth
Green Angel Syndicate
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
Investors
Categories
About the company
Vantage Power
Vantage Power develops hybrid electric powertrains and telematics software for buses.