Tech Track 100

Aceleron claims to make the world’s first serviceable, upgradable and recyclable lithium batteries, with applications including household energy storage. They are compressed together, rather than glued or welded, which makes them easy to take apart and repair or modify. Applications range from household energy storage in sub-Saharan Africa to back-up power for industrial and commercial use. Co-founder Amrit Chandan, 31, has a PhD in hydrogen fuel cells, while co-founder Carlton Cummins, also 31, helped roll out solar energy systems in Barbados, where he was born and raised. Sales, including grant revenue, reached c.£1m in 2019. This year BGF invested £1.45m and other investors include the Midlands Engine Investment Fund.

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Company details
ActivityReusable battery developer
Latest sales £000sc†1,000

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* supplied by company † annualised figure