Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in RideTandem, forming part of a capital raising round of over £1.75 million. RideTandem, a mobility-as-a-service start-up, provides affordable and reliable transport solutions for those affected by transport poverty. Founded in 2019, RideTandem…
Turquoise International, the merchant bank specialising in energy, environment and efficiency, has launched a new episode of its ‘Talks with Turquoise’ podcast series. In this episode, Ian Thomas, managing director of Turquoise, interviews Llewellyn Kinch, co-founder of green energy tech company Switchd, about the UK energy market and the national transition to decarbonisation. The podcast…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced a follow-on investment by Low Carbon Innovation Fund 2 (LCIF2) in SKOOT ECO GROUP. This forms part of a capital raising round of over £1m, which will support the business up to a planned institutional Series A in the next 12 months.…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Adaptavate Limited. This forms part of a capital raising round of over £1.3 million in which other investors included Counteract, One Planet Capital and Perivoli Innovations. The company has also secured a…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced a new deal for the Low Carbon Innovation Fund 2 (LCIF2), a £150k investment in Electric Miles. LCIF2 led the £776,000 equity round which included co-investors Vipul Amin, founder of uSwitch and owner of Kelkoo; and Blue Lake VC, which focuses on…
Turquoise is delighted to have advised Gasrec, the UK’s largest dual provider of bio-Liquified Natural Gas (LNG) and bio-Compressed Natural Gas (CNG) to road transport, on a fundraising deal that led to bp acquiring a 28.57% stake in the business. As part of the new agreement, bp will supply Gasrec with renewable biomethane produced mainly…
We are delighted to have become a signatory of the Investing in Women Code. The Low Carbon Innovation Funds, the early-stage VC funds managed by Turquoise, have so far invested in eight companies led by female entrepreneurs, including ANB Sensors and Kubos Semiconductors. We are keen to consider investment in additional female-led companies that meet our investment…
The report made to the UK Parliament following the conclusion of COP 26 referenced Aristotle and reminded us that Aristotle taught that virtue comes not from reasoning and instruction but from habit and practice. The success of COP26 will lie not just in the making of promises but in adopting the programme of work to…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Switchd. This forms part of a capital raising round of over £1.2 million in which other investors included Nationwide Building Society, Inspired Energy and Crowdcube. Switchd offers energy supply switching services, including…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its 13th deal for the Low Carbon Innovation Fund 2 (LCIF2), a £300,000 investment in Weeding Technologies. LCIF2 led the £890,000 equity round, which included Calculus Nominees and SFC Nominees as co-investors. Weeding Technologies sells market-leading, herbicide-free weed control machines to municipal…