Beauhurst Names UK’s Top 3 Greentech Companies

As a principal tech hub, it’s only fitting that the UK hosts some of the most innovative green tech companies in the world.

From startups at the seed stage to billion-dollar unicorns, green-tech companies are part of an industry which aims to power sustainability, and are at the forefront of a ‘green’ transformation in order to curb the climate crisis, attracting interest from both entrepreneurs and investors.

Here are the top 3 UK-based green tech companies, ranked in order of the amount of equity funding they’ve raised to date according to Beauhurst data.

Britishvolt, a clean energy company based in Northumberland, tops the list as the best-funded green tech startup in the UK, designing and manufacturing lithium-ion batteries for electric vehicles to use.

British volt has raised an astonishing £1.78 billion in equity investment across four rounds since their launch in 2019.

The majority of the clean energy company’s funding was secured in January 2022, following a £1.7 billion fundraising deal, marking the biggest UK equity deal of Q1 2022.

The deal included a sales and leaseback arrangement, provided by Tritax and abrdn, and will fund the construction of Britishvolt’s battery plant in the North East.

Other Britishvolt investors include Glencore, Carbon Transition, NG Bailey and Cathexis Venture II.

Based in Bristol, OVO Group is a green tech firm consisting of several clean energy companies, including OVO Energy and SSE.

OVO Group is a major energy provider, supplying gas and electricity across the UK and serving close to 5 million customers while developing a new grid technology in order to support the change to renewable energy.

Other than its acquisition of SSE Energy Service in January 2020, OVO Goup acquired VCharge, a US based energy company, and CORGI HomePlan, based in Fife, back in 2017.

From its inception in 2009, OVO has secured £259 million in investment so far between four equity funding rounds, and received backing by Mayfair Equity Partners, Mitsubishi Corporation and angel investors.

Volta Trucks makes the top 3, as it develops and manufactures electric trucks for urban logistics. The electric vehicle, or EV, startup is sustainability centered and offers an alternative to commonly used commercial transport options, without the carbon emissions or noise pollution.

Volta Trucks is based out of Stockholm, but has a prominent presence in London, and secured £191 million worth of equity investment in Feburary 2022, which the company plans to use to develop a collection of prototype Volta Zero trucks.

Overall, since its launch in 2019, Volta Trucks has raised £238 million across three funding rounds, and has several international investors including US funds Luxor Capital and Proterra, Kuwait-based Agility Logistics, Swedish holding company Byggmästare Anders J Ahlström, and UK investment firm B-FLEXION.

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