GWC leads a £4.2m ETA Green Power funding round
Investors in this round: Led by GWC
GWC is pleased to announce that its members have invested over £2m into ETA Green Power Ltd. ETA develops electric drive systems for low voltage applications such as off road vehicles. It’s focus is delivering high power density that are commercially competitive as a true substitution for internal combustion engines. The high efficiency at higher torques significantly extends battery life and range.
Although on road EV’s have dominated media headlines there is a significant demand for the electrification of off road equipment and vehicles.
David Morgan CEO, ETA Green Power commented “are pleased with the efficiency in GWC supported ETA’s investment round”
GWC founder, Ian Leigh said: “Our members were very impressed with the technology, the size of the commercial market and the leadership team.”