Legal & General Capital and Barclays Sustainable Impact Capital co-led the Series A round to support manufacturing expansion and international growth.
"Today’s funding announcement clears our path to sustainable growth for years to come. It is a vote of confidence from the market in our vision, our technical capabilities and our mission to rid EV motors of harmful and problematic materials. Everyone at AEM and our new partners are excited for the role we are now able to play in making the electric vehicle sector truly sustainable."
Turquoise led the seed round with participation from Cambridge Agritech, Deeptech Labs, and Amadeus to support international expansion.
"We are delighted to welcome LCIF2 as an investor in Outfield. This investment will enable us to develop the customer base as well as adding new functionalities to the platform. Now is the time for new precision technologies to revolutionise this sector, supporting global food security and managing the environmental impacts of fruit growing"
The mobility app has raised £1.5m to support its roadmap and overseas expansion plans.
"What resonates with investors is not just the initial premise of the business and how it can appeal to all demographics, but also our ability to refocus during the pandemic. From the fact we are the first carbon-negative lift-sharing app to identifying the need for Errands to getting it up and running so quickly, is why we have been so successful in our funding."
Turquoise backs carbon-negative mobility app SKOOT through the Low Carbon Innovation Fund 2.
"We were impressed by the SKOOT team who are already proven entrepreneurs. SKOOT has advantages of safety, cost, environmental impact and regulation compared with taxis. The platform is already built and robust and we see potential for large scale and international expansion of this innovative business."
