Green Angel Syndicate invests in Vantage Power
Green Angel Syndicate has completed its seventh new investment, playing an important role in the latest funding round for London-based developer of hybrid-electric powertrains and associated telematics software solutions (VPVisionTM) for buses. With this investment, Green Angel Syndicate has provided over £3.5 million, to fund early stage companies across the clean technology sector.
Vantage Power has developed an innovative hybrid powertrain solution that can be retrofitted into existing diesel buses, reducing harmful emissions whilst delivering an economic payback to the bus operators. VPVisionTM, its telematics solution, provides real-time analytics on bus performance and controls their operations to optimise performance within ultra-low emission zones.
With the imminent roll-out of its buses on the roads of London and other cities across the UK and overseas, Vantage Power is well positioned to help power the move to lower emission transportation that help to make the air in our cities cleaner.
As well as a strong showing from existing investors, and new angels through Green Angel Syndicate, Vantage Power also brought in the Angel CoFund. This has helped Vantage Power to exceed its target for fundraising in 2016, securing over £3.5 million for the next stage of the company’s expansion.
This is the first time Green Angel Syndicate has co-invested with the Angel CoFund. Director, Nick Lyth, commented: “Vantage Power is providing a cost effective solution for bus operators that are facing stringent regulations on emissions as cities strive to improve air quality and the health of their citizens. We look forward to continuing to support Vantage Power on its journey.”
Vantage Power’s CEO, Alex Schey said: “We are delighted that Green Angel Syndicate has joined this latest round. We welcome their expertise and support as we move into the next phase of our development.”
For further information: Nick Lyth, 07802 150053, firstname.lastname@example.org