Storage – Brill Power announces $10.5 million funding to make batteries smarter

The funding will support team growth and new product development to expand presence in both static energy storage and the automotive sectors. The round was led by two new blue-chip investors – Legal & General Capital and Barclays Sustainable Impact Capital Programme and supported by all of Brill’s existing investors including Oxford Science Enterprises, Oxford Investment Consultants and Oxford University. Shell Ventures and Climate KIC have also become shareholders. The investor confidence is driven by Brill Power’s pioneering development of a new way to manage batteries that suffers none of the limitations of previous methods. Brill’s optimised Active Loading method increases battery life by up to 60 percent and allows used batteries to discharge up to 46 percent more energy through a proprietary combination of hardware and intelligent software. Brill Power’s technology is a…

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