£4.5m Series A funding
Latin investor backs Sunamp’s battery vision
Andrew Bissell: ‘driving down energy consumption’
Thermal energy technology company Sunamp has raised £4.5m in a Series A financing round led by an investor in Latin America who believes it has the opportunity to become a “game-changer in the energy sector”.
The company manufactures from its base in East Lothian has developed a range of batteries that deliver hot water, cooling and space heating on demand.
Chilean venture capital firm Aurus Capital, one of the largest in Latin America, provided £3.2m in this round. Scottish Investment Bank and existing private investors were other participants.
The fundraising will support commercial scaling in the UK and international expansion in Central Europe, Asia and North America.