Dukosi, an Edinburgh, UK-based maker of battery management systems, raised £2m in funding.
The round was led by IP Group plc with participation from Scottish Investment Bank, the investment arm of Scottish Enterprise and members of Par Equity.
The company will use the funds for the final development of the semiconductor, including extensive multi-industry certification, and the expansion of the team in Edinburgh with new roles in electronics design, software, cell modelling and electrochemistry.
Led by Clive Scrivener, Chairman, Dukosi has developed a battery management system that collects, processes and stores data directly at the cell. Using novel wireless technology, the system transmits real-time information on cell performance to support master level control of the battery pack, enabling improved design, deployment and management of batteries in electric vehicles, industrial and grid energy storage applications.
Following several years of research, development and testing, the company is readying for production of its semi-conductor chip based solution that collects frequent data at a cell level, to generate real-time state of charge and state of health results.