Powelectrics Secures Funding

Powelectrics, a Tamworth, UK-based sensors and telemetry business, has secured a further equity investment from Enterprise Ventures (EV), investing through the Coalfields Fund.

The funding, whose amount was not disclosed, will allow the company to market its new products globally.

Powelectrics, which has also appointed Andrew Yeoman – the former Managing Director of NASDAQ-listed Trimble Navigation – as a non-executive director, has been manufacturing and supplying industrial sensors and telemetry solutions since 1990. Its new telemetry systems remotely monitor levels in gas and chemical tanks and allows companies to time deliveries more effectively and reduce distribution costs.

The company is led by Pete John, Managing Director, and Dave Oakes, Sales Director.



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