This Sunderland business supplies lithium-ion battery systems that can be found in JCB’s construction machinery, Ocado’s robotic grocery sorters and that are used to power Amsterdam’s football arena on match nights. Hyperdrive was set up in 2012 by automotive engineer Stephen Irish, 43, after working at Massey Ferguson and JLR. In 2016 it completed a £3.2m funding round to build a production facility in Sunderland, which is capable of producing 20,000 battery systems a year. Chief executive Chris Pennison, 51, oversaw sales of £4.9m this year, driven by demand for cleaner energy technology. In June, it secured a £40m deal with Foxlink Automotive Technology, which will manufacture, sell and distribute Hyperdrive’s battery packs across Asia.

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Company details
Year2018
CompanyHyperdrive Innovation
ActivityBattery technology developer
LocationSunderland
Latest sales £000s4,930
Forecast sales £000s7,600
Staff45
Founded2012
Websitewww.hyperdriveinnovation.com

If applicable:

* Sales and forecast sales provided by the companies