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Perpetual V2G Systems Ltd

Clean Battery technology company on a charge and gaining momentum

01 July 2015 11:30



Perpetual  Vehicle  2  Grid  Systems  (P-­‐V2G),  a  specialist  in  the  design  and  delivery of advanced battery power management solutions today announced that it has recently closed £215,000 in seed funding to further accelerate the company’s commercial potential. This investment round has been led by Catalyst Growth Partners, a high growth business accelerator with  participation  from  Smart  Anchor  Ventures  and  angel  investor,  Tony  Nicol.

PV2G’s CEO / Founder Andy Ling says. "We’re thrilled to have secured this funding from such prominent investors. The new funds will provide us with the  necessary  operating  cash  flow  to  fulfill  a  sizeable  order  book  we’ve  won whilst  allowing  us  to  develop  product  variants  for  new  application  areas  including  sustainable  power  for  medical  refrigeration  and  solar  power storage.  We’re  also  planning  to  hire  a  number  of  new  employees  to  help  with sales, service and development”. 

PV2G based in Lampeter and Cardiff’s Life Sciences Hub, are fast becoming another  start-­‐up  success  story  born  in  South  Wales.  The  company  have  already  won  a  couple  of  “Clean  Technology”  Awards  for  their  patented  power  management  system  used  in  refrigerated  delivery  vehicles.  Earlier  this year the company was named as a UK Top 15 clean-­‐tech company by Innovate UK and won a place  on the ‘Clean & Cool’ Mission to California,  USA.
To  assist  and  guide  P-­‐V2G’s  management  the  company  has  appointed  an  experienced  Board  of  Advisors  made  up  of  Ashley  Cooper,  Director  of  Catalyst  Growth  Partners,  Tony  Nicol,  a  veteran  executive  of  the  global  automotive  industry  and  Mark  Hindmarsh,  Director  of  Smart  Anchor  Ventures.

Tony Nicol commented, “I’m pleased to have become a shareholder in such a  dynamic  young  company  like  PV2G.  The  team  are  truly  innovating  the  world of power management using lithium technology configurations. The global  market  for  refrigerated  delivery  vehicles  is  huge  and  therefore  I’m  sure the company has a bright future”.
Ashley Cooper says. “The decision for our firm to invest in PV2G was quite simple once we’d met Andy and his Co-­‐founder Luke Jones and saw their technology  in  action.  We  recognize  significant  growth  potential  across  a  number of vertical market application areas and geographical territories”.

“PV2G  has  progressed  significantly  in  the  last  9  months  winning  industry accolades and some big name anchor clients. They’ve achieved a great deal to  date  with  very  little  resource  and  as  new  shareholders  Smart  Anchor  Ventures are excited to see what the future holds for the company considering  its  growing  customer  opportunity  pipeline.”  said  Mark  Hindmarsh.
As  well  as  the  new  funding,  PV2G  has  attracted  new  strategic  partners  Clayton Power and Carrier Commercial Refrigeration in addition to clients including Sainsbury’s and British Gas.

Addition information on Perpetual V2G Systems Ltd can be found at:
Press & Media enquiries please contact:
Andy Ling – CEO / Founder

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About Perpetual V2G Systems Ltd

Clean Tech, disruptive carbon reduction solutions. Our patented systems provide fleets users with a alternative way to produce power for mobile use. Applications include refrigerated home delivery vans, police vehicles, media vans, service support vehicles.
All can reduce their fuel costs and lower carbon emissions by fitting our non intrusive proven application.

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