Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has invested in bio-bean for the Low Carbon Innovation Fund 2 (LCIF2). The investment of £350,000 is part of an overall round of £1.25million. The round was led by LCIF2 with the participation of 2Enable Partners, Stellar Impact and the Gresham House Renewable Energy…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its tenth deal for the Low Carbon Innovation Fund 2 (LCIF2), a £250,000 investment in pH sensor company ANB Sensors (ANB). LCIF2 led the £997,000 equity round which included Hatch Accelerator Fund and Applied Technology Ventures as co-investors. ANB was founded in…
Scotland-based HV Systems (HVS) has secured a £5 million capital injection from Beehive Equity Limited, a wholly-owned subsidiary of EG Group (EG). Multiple award-winning HVS will now take its innovative hydrogen vehicle designs through prototyping and demonstration, allowing manufacturing to commence. There has been much said about impending bans on the sale of new petrol…
Turquoise International (“Turquoise”) is pleased to announce that Zhejiang Jiecang Linear Motion Technology (“Jiecang”) has agreed to acquire Logicdata Elektronik and Software Entwicklungs GmbH (“Logicdata”). Turquoise acted as financial adviser to Jiecang which acquired 100% of Logicdata for €79.18m. This merger will create a leading worldwide linear motion components and systems supplier with annual revenue…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has invested in Ablatus Therapeutics for the Low Carbon Innovation Fund 2 (LCIF2). The investment of £85,000 is part of an overall round which could reach £1.5million. Ablatus Therapeutics is developing Bimodal Electric Tissue Ablation (BETA), an innovative improvement over existing tissue ablation techniques,…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its eighth deal for the Low Carbon Innovation Fund 2 (LCIF2). The investment in geo is part of a first close of a round co-led by LCIF2 and Schneider Electric Ventures (SEV), with the participation of Consensus Business Group, West Coast Capital…
We are very pleased to announce that Professor John Loughhead, until recently Chief Scientific Adviser to the Department for Business, Energy and Industrial Strategy (BEIS), has agreed to become the Independent Member of the Investment Committee of the Low Carbon Innovation Fund 2 (LCIF2). What has been the most significant technological development of recent years? There…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its seventh deal for the Low Carbon Innovation Fund 2 (LCIF2), a £330,000 investment in mobility app company SKOOT RIDE.COM Ltd (SKOOT). SKOOT was founded in 2019 to promote and facilitate lift sharing amongst friends and colleagues. Passengers share the costs of…
We are delighted to announce a new appointment to the Turquoise team. With experience across ESG, emerging technologies and clean infrastructure development, Charlie Ramsden joined us this autumn as investment associate. What has been the most significant technological development of recent years? The widespread penetration of artificial intelligence, driven by fast advances in machine learning.…
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has invested in 8power for the Low Carbon Innovation Fund 2 (LCIF2). The investment of £450,000 is part of an overall round of £2million. 8power has developed a range of Remote Condition Monitoring (RCM) solutions for industrial machinery. RCM is the use of sensors…