{"id":573,"date":"2024-09-20T12:34:06","date_gmt":"2024-09-20T12:34:06","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/south\/?p=573"},"modified":"2024-09-20T12:34:06","modified_gmt":"2024-09-20T12:34:06","slug":"cambridge-tech-firms-secure-88m-for-green-vehicle-projects","status":"publish","type":"post","link":"http:\/\/www.techsparx.co.uk\/south\/vehicle\/cambridge-tech-firms-secure-88m-for-green-vehicle-projects\/","title":{"rendered":"Cambridge tech firms secure \u00a388M for green vehicle projects"},"content":{"rendered":"\n<p>Five Cambridge-based companies are set to benefit from part of an \u00a388 million funding injection aimed at accelerating the UK&#8217;s transition to net zero. The funding, announced by the Minister for Industry and Decarbonisation, Sarah Jones, is part of a wider \u00a388 million investment in 46 innovative projects across the country.<\/p>\n\n\n\n<p>The Cambridge recipients are DeepForm, Molyon, FLIT, Talga, and Nyobolt. These companies are developing a range of green technologies, including electric trucks, e-motorcycles and advanced battery materials.<\/p>\n\n\n\n<p>DeepForm is a University of Cambridge spin-out that has developed a new sheet metal pressing technology that can significantly reduce waste in automotive production. Molyon is working on high-energy density batteries, while FLIT is developing lightweight folding e-bikes. Talga is focused on battery anode materials and Nyobolt is developing ultra-fast charging battery technology.<\/p>\n\n\n\n<p>The government has hailed the investment as &#8220;an important vote of confidence in the UK&#8217;s automotive industry&#8221;, which is expected to create thousands of green jobs.<\/p>\n\n\n\n<p>Chris Cleaver, CEO of DeepForm,commented: : \u201cWe\u2019re really pleased to be getting this support. We\u2019ve got ambitious plans to accelerate our impact \u2013 designing automotive pressings with up to 40 per cent less input material.&#8221;<\/p>\n\n\n\n<p>FLIT&#8217;s CEO also welcomed the funding, stating that it would enable the company to not only develop new e-bikes but also to make them more sustainable through easier refurbishment.<\/p>\n\n\n\n<p>Image source: Kenisha van Keulen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five Cambridge-based companies are set to benefit from part of an \u00a388 million funding injection aimed at accelerating the UK&#8217;s transition to net zero. The funding, announced by the Minister for Industry and Decarbonisation, Sarah Jones, is part of a wider \u00a388 million investment in 46 innovative projects across the country. The Cambridge recipients are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,34],"tags":[216],"class_list":["post-573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-vehicle","tag-cambridge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cambridge tech firms secure \u00a388M for green vehicle projects - Regional technology news - South - TechSparx - Business technology stories in the South<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.techsparx.co.uk\/south\/vehicle\/cambridge-tech-firms-secure-88m-for-green-vehicle-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cambridge tech firms secure \u00a388M for green vehicle projects - Regional technology news - South - TechSparx - Business technology stories in the South\" \/>\n<meta property=\"og:description\" content=\"Five Cambridge-based companies are set to benefit from part of an \u00a388 million funding injection aimed at accelerating the UK&#8217;s transition to net zero. The funding, announced by the Minister for Industry and Decarbonisation, Sarah Jones, is part of a wider \u00a388 million investment in 46 innovative projects across the country. 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