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Edinburgh-based smart battery firm Dukosi gets £2m

Dukosi
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Scotland-based firm Dukosi has topped up its Series A round with an additional £2m.

Investors included Scottish Investment Bank, IP Group Plc and venture capital firm Par Equity.

Dukosi, a firm that specialises in battery management systems, uses wireless technology to increase the efficiency of batteries used in electric vehicles.

UK tech investment trends of Q1 2017

Clive Scrivener, the chairman, commented on the news: “Our technology resonates with stakeholders throughout the battery supply chain and with the users of battery packs, who all recognise that innovation has a key role to play in meeting the growing demands of managing complex battery systems.

“With this funding, we’re taking the next step to make our vision a reality and bring a new level of intelligence to batteries,” he added.

Scottish Investment Bank head Kerry Sharp praised Dukosi for its use of technology.

She said: “Dukosi is a great example of a globally ambitious and innovative company developing new technology to support the expanding clean energy sector with applications in electric vehicles and energy storage.”

The news comes after the firm received £1m in late 2014, followed by a £1.2m Series A in November last year.

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