This Sunderland-based business supplies lithium ion battery systems that are commonly used in JCB’s construction machinery and the smart energy monitoring systems of Tech Track 100 alumnus Geo. Since it was founded in 2012 by automotive engineer Stephen Irish, 44, Hyperdrive has raised a total of £9.6m from investors including Santon Capital and Hamilton Capital Partners. Chief executive Chris Pennison, 52, oversaw sales of £7.3m this year, driven by the soaring demand for cleaner energy technology. In July, it opened HYVE, an electric vehicle battery plant, which will allow the company to produce as many as 30,000 battery packs every year.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.