* Cleanzine-logo-8a.jpgCleanzine: your weekly cleaning and hygiene industry newsletter 20th March 2025 Issue no. 1154

Your industry news - first

The original and best - for over 20 years!

We strongly recommend viewing Cleanzine full size in your web browser. Click our masthead above to visit our website version.

Search
English French Spanish Italian German Dutch Russian Mandarin


Battery innovation company secures £22 million funding deal for its industry-first technology

* Battery-innovation.jpgSolus Power, an innovator of portable electric vehicle charging solutions, has revealed a £22 million (US$28 million) funding deal received from Dubai-based Petra Equity Partners, helping the UK company accelerate the development of its battery technology.

Solus Power has devised a revolutionary mobile solution to solve the key challenges of providing flexible electric vehicle charging where infrastructure is limited, as well as hard-to-access and off-grid environments.

The London-based company's highly engineered, products include a portable military-grade, ruggedised power unit named 'Kratos' - each of which is the size of an attaché case for easy transportation and deployment as well as specifically designed to discretely slide under vehicles to be out of sight and avoid any obstruction.

The Lithium-ion power units, described as 'Jerry Cans of electricity', can deliver ultrafast charging to the likes of electric vehicles, drones, or electrical equipment, anywhere in an instant. Through its innovative and simple modular design, users can scale the number of packs to increase energy capacity depending on their needs.

Petra Equity Partners is an investment firm that specialises in identifying disruptive technologies, such as Solus Power, that are poised to reshape industries. Its intent to invest ideally aligns Solus Power's game-changing solution with its commitment to shaping the future of technology and nurturing high-potential opportunities.

The announcement of Solus Power securing a funding pledge from Petra Equity Partners to develop its technologies follows a recently signed Memorandum of Understanding with QinetiQ Group, a defence and security technology company, to explore the deployment of its charging technology to provide a viable, flexible energy solution in challenging environments as militaries seek to maintain operational advantage and be less reliant on adversaries for energy.

"Receiving the incredible support and pledged investment from Petra Equity Partners, which is renowned for backing cutting-edge technology innovators, is testament to our effort to radically rethink how to mobilise energy and solve the biggest challenge of electrification," says Solus Power CEO, Stas Leonidou.

"Our collaboration will help accelerate the development and deployment of our charging technologies to transform mobility across the globe, including the defence sector where we believe we can support the evolving criteria of its sustainable and adaptable energy needs."

Since Solus Power was established in 2020 it has experienced formidable momentum and investment from a range of commercial customers who have expressed interest in the modular charging solutions for applications including car parks, car hire, and defence use. It recently received financial backing from US investment firm Marbanc International to expedite the development of its technology to market.

A spokesperson for Petra Equity Partners, says: "Solus Power's push into the defence and security sector and its ambitious plan to help electrify and evolve such a key, yet sometimes overlooked, sector, aligns with our approach to identify key opportunities within certain industries.

"The UAE's mission has always been to be at the forefront of clean energy and is a strategic player within the defence industry. We are excited about the potential impact of Solus Power's technology to help advance the electrification of not only the battlefield but also our ever-evolving cities."

https://youtu.be/hO_E0qDzMpk | https://soluspower.co.uk

25th July 2024




© The Cleanzine 2025.
Subscribe | Unsubscribe | Hall of Fame | Cookies | Sitemap