Hypervolt wins double: £470k for fleet charging innovation

EV charging Jul 01, 2021

We are delighted to announce that Hypervolt has been picked as a winner in not 1, but 2 competitive grant competitions in support of our innovative fleet charging technology.

The new grants, to be provided by the Office for Zero Emission Vehicles (OZEV) in partnership with Innovate UK and through the Niche Vehicle Network, are in support of two cutting edge advancements of fleet charging technology and smart grids.

The funding comes alongside Hypervolt’s present private equity round, in which we have secured £750k of commitments to date.

Flavian Alexandru, CEO of Hypervolt said:

We’re delighted to have been selected as winners in these competitions. The support recognises Hypervolt’s role in pushing the boundaries of smart EV charging, positioning Hypervolt and the UK as global frontrunners in the EV revolution. We are very grateful recipients of these funds and look forward to accelerating the UK’s transition to EVs in return.

In one grant project within the ‘Infrastructure solutions for zero emission vehicles’ competition, funded by OZEV in partnership with Innovate UK, Hypervolt will develop advanced software applications and a number of wireless communication innovations that solve pain points in EV adoption by commercial fleet operators.

In another, an R&D competition funded by OZEV through the Niche Vehicle Network, Hypervolt is developing new functionality in power electronics unique to on-site charging that unlock better data and novel charging modes in fleet charging.

Hypervolt is working with partners Liberty Group, a major property services business leading the sector in decarbonisation, with a confirmed roadmap to  decarbonise their vehicle fleet by 2027 and initiatives such as NetZero Collective in place to support clients and the wider social housing sector to identify right first time actions to decarbonise their assets.

Ray Jones, Group Managing Director at Liberty said:

“As a business that puts people and safety first, we acknowledge the important role that decarbonisation of our services and the wider economy, on the future wellbeing of people around

We’ve been working with Hypervolt on solutions to the challenges we face as a business with a fleet of circa 750 vehicles, and the new funding brings that forward. As a founding member of the NetZero Collective, Liberty will be sharing the results with local authorities and housing providers to support them through their own electrification journeys nationwide, and we look forward to helping the UK lead the way in the EV transition.

The projects begin in August and will run into 2022.

Hypervolt’s present investment round is accelerating, with the company looking for final investors to close the round. For more details contact invest@hypervolt.co.uk

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