Hyperdrive in £3.2m Sunderland expansion

Hyperdrive in £3.2m Sunderland expansion

Just a day after Haskel announced plans to build its new hydrogen vehicle technology on Wearside, Sunderland’s automotive sector has received another major boost after Hyperdrive Innovation secured a £3.2m investment package to continue growing its presence in the city.

Sunderland-based Hyperdrive Innovation has secured a £3.2m funding package to launch two new innovative modular battery systems later this year, both which are designed and manufactured on Wearside.

The funding has been secured thanks to venture capital firms Hamilton Capital Partners and Rivers Capital alongside R&D grant funding from InnovateUK and the Advanced Propulsion Centre (APC).

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

Hyperdrive’s batteries incorporate patented battery management technology which can be adapted for use with different cell chemistries to provide electric power.

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.”

This is yet another boost for the region’s automotive sector, in particular in regards to the manufacture of Electric Vehicle (EV) components.

Back in January, Nissan also announced its commitment to produce a future generation of EV batteries at its flagship Sunderland plant.

The investment into the battery plant on Wearside will help safeguard 300 highly skilled jobs in manufacturing, maintenance and engineering.

Nissan also received support from the UK’s Advanced Propulsion Centre (APC) to look at the new technologies in the form of a £9.7m grant.

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.