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ACAL raises £1.6 million
ACAL Energy, a fuel cell technology company, has raised the funds it needed to develop its technology following a successful funding round with a consortium of investors.
The company received £1.6 million from a group led by The Carbon Trust, which made an investment through its venture capital division CT Investment Partners LLP. The Carbon Trust was supported in the investment round by Rising Stars Growth Fund, NorthStar Equity Investors and Synergis Technologies.
ACAL’s main product is FlowCath, a low-temperature fuel cell cathode technology which has been designed to enable fuel cell systems in devices such as laptops to operate up to five times longer than currently possible and at a lower cost.
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