Developing lithium-sulphur batteries, which it says can pack in five times more energy than traditional rechargeable lithium-ion batteries, making them an ideal fuel source for electric vehicles and aeroplanes. In May it announced it is building a factory in Brazil, set to open in 2023 and make 5m batteries per year. This follows a £3.8m minority investment from Brazilian private equity firm Aerotec in February 2018. It has raised £49m in funding in total, including from South Africa’s Sasol. Since 2010, the company has been run by chief executive Huw Hampson-Jones, 65, who previously led software companies IKIVO AB and Mobeon AB.
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