Britishvolt is in talks with a consortium of investors over a deal which could potentially rescue the battery start-up’s ambitious gigafactory venture. The discussions are over the sale of a majority stake in the company and securing legally-binding terms that would provide it with the “long-term sustainability” and funding to build a viable battery cell […]
Etc., the incubation team in BT Group’s Digital unit boosting the businesses of the future has announces that it has entered into a £5 million deal with Altitude Angel, a leading Unified Traffic Management technology provider. As the two businesses scale the UK drone industry and support the development of the UK’s drone superhighway, set […]
Edinburgh-based investment syndicate, Archangels, invested £13.4m during 2022 in some of Scotland’s most promising early-stage tech and life science companies. The total investment for 2022 among 11 businesses marks a 14% increase on Archangels’ investment activity in 2021 (11.8m). New additions to the portfolio included tech firm Earth Blox who secured £1.5m funding from Archangels to expand […]
The UK tech sector will end the year as Europe’s leading ecosystem, retaining its position as the main challenger to the US and China amidst a global backdrop of difficult economic conditions, according to new figures from Dealroom for the Digital Economy Council During 2022, fast-growing UK tech companies have continued to raise at near-record […]
AIB has invested €8.5 million in BNRG, an Irish-based developer and operator of solar energy projects globally. BNRG currently has a solar development pipeline of 2.7 GW across Ireland, the USA, UK and Australia, in addition to 23 MW of operating assets in the USA. AIB’s investment will help fund BNRG’s ongoing development pipeline, which […]