What is sunamp.co.uk?
Sunamp designs and produces heat batteries that efficiently store energy from renewable and other sources, releasing it as heat when needed. This technology offers a lower cost and higher efficiency compared to conventional methods. Originating from a collaboration with the University of Edinburgh's Department of Chemistry in 2010, Sunamp focused on developing heat storage using phase change materials to create a commercially viable product aimed at reducing carbon emissions and fuel bills. The company's UniQ heat batteries are currently installed in thousands of homes across the UK, with expansion into European and Chinese markets demonstrating the global applicability of its technology in residential, commercial, industrial, and automotive sectors.
How much funding has sunamp.co.uk raised?
sunamp.co.uk has raised a total of $12.4M across 3 funding rounds:
Series B
$1.9M
Private Equity
$4.6M
Series A
$5.9M
Series B (2015): $1.9M with participation from Equity Gap and Par Equity
Private Equity (2016): $4.6M led by Highland Venture Capital, Equity Gap, Par Equity, and Old College Capital
Series A (2020): $5.9M supported by The Scottish Investment Bank and Aurus Capital
Key Investors in sunamp.co.uk
Equity Gap
Equity Gap is a Scottish investment firm that supports high-growth, early-stage businesses. They focus on providing capital and strategic guidance to emerging companies, particularly those in business products, industrial, and life sciences sectors.
The Scottish Investment Bank
The Scottish Investment Bank is the investment arm of Scottish Enterprise, dedicated to providing funding and support to businesses across Scotland to foster economic growth and innovation.
Aurus Capital
Aurus Ventures is a venture capital firm active in Latin America, focusing on technology and life sciences investments. They support entrepreneurial teams with global vision and strong execution capabilities.
What's next for sunamp.co.uk?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Sunamp. This capital infusion is likely to accelerate the company's manufacturing capabilities, expand its global market reach, and further invest in research and development to enhance its heat battery technology. With existing agreements in Europe and China, Sunamp is well-positioned to scale its operations and capitalize on the increasing demand for sustainable and efficient energy storage solutions. The company's trajectory suggests a strong focus on commercialization and market penetration, aiming to establish its heat batteries as a leading alternative in the global heating and cooling landscape.
See full sunamp.co.uk company page
