The funding will support projects ranging from EV batteries and electric motors to power electronics and recycling. Industry will match the government contribution, bringing total investment to nearly £130 million and supporting more than 1,800 jobs.
Nearly £50 million of government funding will go towards projects designed to bring zero-emission vehicle technologies towards commercial production. Recipients range from carmaker Bentley and electric motor manufacturer YASA to companies specialising in batteries, power electronics and recycling.
Funding targets batteries, motors and power electronics
The largest share of the funding announced for zero-emission technologies, £26.9 million, will go to five companies through DRIVE35’s Scale Up fund. Turntide Technologies, EMPEL Systems, Cornish Lithium, Strip Tinning and Watercycle Technologies will receive support to move their technologies towards commercial production.
Another £8 million has been allocated to two collaborative projects involving industry and academia. One brings together Bentley and battery startup Ionetic to localise battery cell and pack production for future vehicles. The other is led by Q5D Technologies and involves JLR, Artifex Interior Systems and the University of Warwick. Their AutoLoom project aims to industrialise automated production of vehicle wiring looms.
