A consortium of investors led a £15m funding in Connected Energy.

Caterpillar Venture Capital, Hinduja Group, Mercuria, OurCrowd and Volvo Energy led a £15m funding in Connected Energy, a developer of industrial-scale energy storage systems. “In order to grow the second life battery industry, strong pan-value chain relationships will be critical to Connected Energy as it expands, and the company’s new investors will complement this effort. This marks a key gateway for our business. Our group of investors now span battery supply through to project deployment and monetisation, and critically this will enable us to plan and manage technology and project development to maximise the volume of batteries that are redeployed in second life applications," Matthew Lumsden, Connected Energy CEO.