Tech Company Financing Transactions
Allye Funding Round
Elbow Beach Capital and Alpha Future Funds joined a $1.2 million capital raise for Allye. The round was announced on 7/11/2023.
Transaction Overview
Company Name
Announced On
7/11/2023
Transaction Type
Venture Equity
Amount
$1,180,000
Round
Undisclosed
Investors
Elbow Beach Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to manufacture and launch the Max with first systems for industrial users expected in Q3 2023.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
2 The Runway
London, England, HA4 6SE
UK
London, England, HA4 6SE
UK
Phone
Undisclosed
Website
Email Address
Overview
Allye provides distributed energy storage at the grid edge working in partnership with electricity network to accelerate decarbonisation of the grid while helping commercial and residential customers to lower energy costs by up to 50%. Our smartly designed energy storage systems reimagine how batteries are connected, distributed and used. Flexible and modular, our batteries are self-learning, intelligently managed via the cloud to maximise cycle life and arbitrage on electricity prices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jonathan Carrier
Chief Operating Officer
Jack Levy
Chief Technical Officer
Lorenzo Bergamaschi
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Prev: 7/11/2023: FononTech venture capital transaction
Next: 7/11/2023: Vellum.ai venture capital transaction
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Where The Data Comes From
We report on funding rounds that are announced publicly. VC transactions on this site are sourced from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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