Tech Track 100

This Sunderland-based business helped one of Britain’s largest supermarket chains meet surging demand throughout lockdown, by equipping the autonomous guided vehicles used in its fulfilment warehouses with bespoke battery systems. Its batteries contribute to decarbonisation and are used in JCB’s construction machinery and Hitachi Rail’s battery-electric trains. Another of its customers, Northern Powergrid, restored power to residents during the lockdown by using its fleet of emergency energy storage vans. Formed in 2012, the company increased sales to £7.5m in 2020 after it opened the UK’s largest independent battery plant in July last year. Founder Stephen Irish, 45, along with chief executive Chris Pennison, 53, and other directors helped to establish the North East Automotive Alliance’s Covid-19 emergency response taskforce.

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.

Company details
Year2020
Rank65
CompanyHyperdrive Innovation
ActivityBattery technology developer
LocationSunderland
Average 3 year sales growth65.81%
Latest sales £000s*7,522
Staff43
Founded2012
Websitewww.hyperdriveinnovation.com

If applicable:

* supplied by company † annualised figure