Puredrive lands new funding to drive battery storage expansion

Image: Puredrive Energy.

Puredrive Energy has secured new investment from energy consultancy The Maximeyes Group to help progress its battery storage offering.

Specific details of the funding have not been disclosed, but Puredrive told Solar Power Portal that it will be used to help progress its product development, while also establishing new marketing and sales channels.

Puredrive will also look to scale its operations and expand into Europe, having cemented its position in the UK’s domestic, C&I and off-grid sectors.

The Gloucestershire-based battery storage manufacturer currently distributes its systems via wholesaler Edmundson Electrical and recently completed a 12-month pilot project with Severn Vale Housing Association, where batter storage systems helped tenants save around £400 off their energy bill.

Mark Millar, chief executive and co-founder at Puredrive, said Maximeyes were the right partners for the company owing to the fact that they brought a “significant commercial client base” to the table.