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.

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Company details
Year2019
Rank40
CompanyHyperdrive Innovation
ActivityBattery technology developer
LocationSunderland
Average 3 year sales growth90.00%
Latest sales £000s*7,286
Staff40
Founded2012
Websitewww.hyperdriveinnovation.com

If applicable:

* supplied by company † annualised figure