Birmingham inventors secure funding to launch sustainable battery

Written by: Jo Gallacher | Published:
Aceleron's CEO Amrit Chandan and CTO Carlton Cummins

Two award-winning inventors have secured £150,000 to develop more sustainable lithium batteries.

Aceleron’s CEO Amrit Chandan and CTO Carlton Cummins were awarded the Midlands Engine Investment Fund (MEIF) grant after developing the Circa battery, a lithium battery which can be fully serviced to give it a much longer lifetime.

The battery has already made pilot sales for domestic energy storage and electric vehicles and has gained approvals to be sold in the EU.

Both Chandan and Cummins were named in the Forbes 30 under 30 list of innovators last year and Cummins was awarded the Shell Global Entrepreneurship Innovation Prize 2017.

The investment will be used to complete ongoing trials and convert the pilot sales into full-scale commercial orders, ready for a major fundraising round early next year.

Chandan, CEO of Aceleron, said: "We are very excited to partner with Mercia Fund Managers. Our aim is to unlock the benefits of sustainable battery technology for people and businesses across the world. The MEIF investment will bring us closer to achieving our goals."

Aceleron is based at Birmingham University's Bizzinn incubator, with another site at Brunel University, and has previously secured £1.2m in grants and £175,000 in angel investment.

It is currently negotiating a partnership with a major battery disposal firm.

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