TOPIC: More Lapping business investment

If only it was in us. Laffy seems to be ver good at putting consortia together....


"£3.2 MILLION OF INVESTMENT SECURED TO DRIVE DOUBLE DIGIT GROWTH FOR A THIRD CONSECUTIVE YEAR AT HYPERDRIVE INNOVATION

Fresh investment follows high-profile contract wins for the UK’s leading independent developer of lithium-ion energy storage technologies
Ahead of launching two new innovative modular battery systems later this year, Hyperdrive Innovation has secured investment of a total of £3.2 million from venture capital firms Hamilton Capital Partners and Rivers Capital alongside R&D; grant funding from InnovateUK and the Advanced Propulsion Centre (APC).

Sunderland-based Hyperdrive designs and manufactures on a single site and supports developers of electric vehicles and stationary energy storage, to bring new products to market by delivering superior system performance. Hyperdrive’s batteries incorporate patented battery management technology which can be adapted for use with different cell chemistries to provide electric power.

The company will use the funding to further develop its product range and make significant productivity improvements in battery pack manufacture.

Managing director and co-founder, Stephen Irish, said: “The diverse nature of projects we are involved in demonstrates that we are able to act as a partner for any OEM that needs to introduce cutting-edge battery technology and management systems to electrify its products.

“The future of low carbon transportation globally depends on companies such as ours working with vehicle manufacturers on innovative low carbon powertrains. We expect this year to bring a further step change as Hyperdrive Innovation continues to accelerate electrification in the low-carbon vehicle sector and the continued development of more sophisticated energy storage systems.”

Formed in 2012, Sunderland-based Hyperdrive Innovation recently secured a substantial Advanced Propulsion Centre (APC) grant in collaboration with Nissan, Warwick Manufacturing Group, University of Warwick, Newcastle University and Zero Carbon Futures. The consortium is working together on key areas of battery development covering pilot projects, product diversification and process improvement.

The latest private investment in the company was secured via the North East Angel Fund, managed by Rivers Capital Partners and a syndicate of private investors headed by Andrew Lapping of Hamilton Capital Partners. Dr Michael Dickens, Fund Manager for the Angel Fund led the investment via the Fund’s latest FBNE fund extension.

“We have supported Hyperdrive from the very start. Seeing its potential at a very early stage, the Fund provided initial seed capital in 2012. Stephen and his team are dedicated and focused, which is what really attracted us to working with them. It is a pleasure to be able to commit further funds to the project as the business continues to go from strength to strength.”

Andrew Lapping, managing director of Glasgow’s Hamilton Capital Partners, said:

“Clean tech businesses with cutting-edge engineering expertise are crucial to the future of the automotive and energy storage industries worldwide. We are delighted to be investing in Hyperdrive Innovation in what promises to be an exciting year for the company.”

Hyperdrive is a development and manufacturing partner for OEMs seeking specialist expertise to electrify cars and commercial vehicles, off-highway vehicles, industrial robots and stationary energy storage solutions. It has also successfully electrified an autonomous marine vehicle and last year supplied batteries for Europe’s fastest road legal electric vehicle.

In addition, Hyperdrive Innovation is taking leading roles in a number of ground-breaking R&D; projects, including work with Abingdon’s Oxis Energy on the Ultra-Low Temperature Battery (ULTB) project. This project is exploring the feasibility of a novel high energy density battery chemistry with innovative packaging and control electronics, capable of operating the Antarctic – one of the harshest environments in the world.

Such a battery would allow the British Antarctic Survey (BAS) to significantly increase scientific measurements made in the region, without increasing transport costs or emissions. Hyperdrive Innovation is also involved in projects to develop two substantial off-highway vehicles with electric powertrains.

Hyperdrive is a founder member of the North East Automotive Alliance (NEAA), which has been established to support the growth of the sector in the region, and is actively recruiting in engineering and operational roles. The company is seeking experienced battery distribution partners and has capacity at the Sunderland plant to ramp up production to 10,000 battery packs a year.

Imogen Holland, partner at Ward Hadaway, led the firm’s team advising Rivers Capital on the latest investment into Hyperdrive. Holland has previously provided legal advice on a number of investments from the fund.

For press enquiries, please contact:

Steve Abbott, business development manager at Hyperdrive Innovation, on: 0191 640 3505 / 07904 957 226 or by emailing: This email address is being protected from spambots. You need JavaScript enabled to view it.

Notes to editors:

About Hyperdrive Innovation

www.hyperdriveinnovation.com

Hyperdrive Innovation designs and builds lithium-ion battery systems for automotive, industrial, marine and standby power applications, and ultimately aims to supply technology onto every electric vehicle (EV) and hybrid electric vehicle (HEV) in the world.

In 2015 Hyperdrive secured private investment in new facilities at the Future Technology Centre in Sunderland and moved into serial manufacture of battery systems. The systems can be connected together to provide the power needed for a range of different requirements, from small portable power packs and industrial robots to much larger on and off-highway vehicles, such as buses, trucks, and construction plant.

The company has attracted a multi-million pound investment in its battery management technology and is working with vehicle manufacturers, Tier 1 suppliers, battery cell developers, and utility providers to commercialise new systems."

Batteries..

If only he'd been successful in recharging ours.

Instead we still have the energy sapping trio in charge.

I'll get my coat on my way out.

Investing in batteries eh...

It's either positive or negative, depends which way you look at it.

This technology is definitely charging on ahead..........

Excide ing times ahead.

Unfortunately the club is imprisoned by it's debt to Jenkins.

I'm not sure how long it can endure a cell...

This really is a AAA investment.

It's a fantastic business with a fast growing customer base-the JV with Nissan is a game changer but this is only the start.

Nothing 'dubious' about this-government money,private money and one of the largest companies in the world as a partner with more of that stature in the queue.

Struggling to see the battery related pun in your post there Laffy. To be honest, it's left me a bit flat.

Brunton Park more like Bhopal recently, it is so toxic.

I would be happy for you to set up another investment proposal laffy, if you're Eveready.

Sure 99% of fans would be, sadly with the way the board treat Laffy i can understand why he wouldn't go near the club

Whooosh.

Well I was accused of having SFA,dubious and having a fictitious consortium-yet I can lead a group of investors like this.Actions rather than words or 'ethos'

On the other side, we have a board of directors looking down the back of AJs sofa to support a business which has underperformed and literally burned cash since their gift from Fred.As they are finding out,it's relatively easy to buy or inherit a Club,very difficult to exit from one.

Laffy. Your business skills are impressive. I'm a young lad whose been lucky enough to inherit 100k but don't know what to do with it. I have a young family so want to do the right thing. Any help appreciated. Many thanks

Ypu can always trust Griff to write an ode to Laffy, what for I can't imagine

I can't tell you what to do but most of the stuff I get involved in is at the riskier end of the game so probably not for you at this juncture.I only invest what I can afford to lose and the first question I ask is how do I get my stake back?

It's also a very peculiar time with interest rates being rock bottom.Most people have never experienced an environment like this and are buying yield without considering the real risk of not getting their stake back.

That's my dilemma. It's not really worth banking. I'm not any good at this kind of thing!!!

Oh dear oh dear oh dear! You're a cheeky chunt aren't you windermerelad! Most of your previous posts are aimed at insulting Laffy and now you're asking him for advice? Stick to fishing in windermere son, you'll catch nowt here!!

Muppett!

Windermerelad wrote:
I have a friend in Nigeria who can get you 30% interest per annum,just give me your bank account details and sort code and i will forward them to him.

Bruntonpasty wrote:

Windermerelad wrote:

Bruntonpasty wrote:
Agree, very strange considering the others.

Never mind though we all learn eventually!

Mullen103 wrote:
Took me a while, but have lost all Faith in the board. Not going to another home game now.

Windermerelad wrote:

Windermerelad wrote:
Pay Nixons 20k back and then give the rest to the Trust, money well spent.

For those interested I have a mate called David Miller-he writes a weekly blog about the markets and money-never advises on what to buy or sell but always very informative and anecdotal/amusing.

He works for QuilterCheviot and write under 'Diary of a fund manager'-he's extremely bright but easy to follow which is a start in this game.A bit like Sir Alex regularly pointing out the blindingly obvious about management.

Not sure why people think it is so difficult to make money in the current market. You can get products called non directionals from companies like Altavista. If you take a 3 month 10%C/20%P it means that you are taking bets that the S&P; 500 will not rise by more than 10% or fall by more than 20% in a 3 month period. So if S&P; index is currently 2000 the index will be between 1600 and 2200 in August. You put money on deposit and average yields are 8% of deposit after commissions and hedges- so put £100000 up and your gain is £8k, 3 month futures so you can do it 4 times a year. The last time the index was out of that band was 2013. 32% a year for 3 years means you have over doubled your money.
Google it, much easier than spread betting and if you are losing you can lay the bet off so you don't lose your deposit

www.directparking.co/london-gatwick/land...afCML9w4UxoC4U7w_wcB

8% guaranteed return in years 1 and 2.

If it's too good to be true, it probably is.

Beware.

Flatcap wrote:
I'd echo Flatcap's warning. Buying a small rectangle of tarmac in Sussex for £12,500 is asking for trouble even if it does promise high returns. It reminds me of the high returns 30 years ago from buying shipping containers under leasing schemes which didn't end well.

I 100pc agree-wide berth from this.