9th Sep 2025 15:26
(Alliance News) - Invinity Energy Systems PLC on Tuesday announced a GBP25 million investment from two new investors to strengthen its global manufacturing operations and support product development.
The London-based manufacturer of utility-grade energy storage systems said Atri Energy Transition Private Ltd and Next Gen Mobility Ltd have subscribed for GBP25 million worth in stocks at 19.5 pence per share.
Shares in Invinity Energy Systems were up 1.0% at 22.42p in London on Tuesday.
Invinity said proceeds from the subscription will be used to strengthen global manufacturing capabilities as well as further diversify its supply chain, support and enhance the ongoing product development and cost reduction programme, and bolster Invinity's working capital position as it looks to expand its operations.
Hyderabad, India-based Atri operates across biofuels, long-duration energy storage, and urban mobility. Next Gen is a Guernsey-incorporated holding company established to invest in and acquire intellectual property and operate businesses involved in the development of new energy technologies.
Atri has been granted the right to appoint a director to the board for so long as they have a shareholding greater than 10%, while Next Gen has been granted a right to appoint an observer on the same terms.
Invinity said it is trading in line with current market forecasts and expects to release interim results by the end of September.
Results for the year are anticipated to be significantly second half weighted and the company expects first half revenue of GBP300,000, grant income of GBP1.8 million, a net loss of GBP10.2 million and cash of GBP18.7 million.
Maximum potential revenue and grant income for the year to December is expected to be GBP26 million, it added.
By Jeremy Cutler, Alliance News reporter
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