Cambridge funds back powertrain technology
Cambridge based innovation investors Martlet, headed by Peter Cowley, and Qi3 (led by Nathan Hill) were part of a syndicate that invested around £500k in a London engineering business developing diesel electric hybrid powertrain technology.
Vantage Power has received support from investors, a trade partner and a Smart Award from the Technology Strategy Board (TSB) in its first funding round – a combined haul of £0.8 million.
The powertrain technology will be tested and driven on double-decker buses throughout the UK.
The venture stems from the team’s extensive experience with hybrid and electric vehicles. Most recently, founders Alexander Schey and Toby Schulz instigated the Racing Green Endurance project which saw a 400bhp electric supercar designed and built in nine months, and driven down the full length of the 26,000km Pan-American Highway.
Vantage Power has developed the B320 system to be retrofitted into UK’s most popular double-decker buses, allowing operators to hybridise their existing fleet, reducing upfront and through-life cost by up to 55 per cent and 40 per cent respectively.
A unique element of this system is an exhaust gas energy recovery system – a significant fuel saving approach never used before in hybrid-electric powertrains.
• PHOTOGRAPH SHOWS: Peter Cowley