London-based fuel cell company Bramble Energy has raised a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.
The funding was led by HydrogenOne Capital Growth plc and supported by the existing institutional investors, including BGF, IP Group, Parkwalk Advisors and the UCL Technology Fund. It will enable Bramble Energy to roll out its portable power products globally as well as continue to develop its liquid cooled fuel cell stack capability.
Through this phase, the startup will deploy its disruptive fuel cell stack technology in a variety of strategic commercial applications to enable decarbonisation across a number of industries and sectors. The company is moving another step closer to becoming the go-to name in scalable fuel cell technology and at the same time become a leading UK-based net zero success story.
Current hydrogen fuel cell technologies are limited because of cost, inflexibility, manufacturing complexity and scaling issues. Founded in 2016 by Dr. Tom Mason, the company is changing the game with its revolutionary technology and by leveraging an existing global manufacturing base. Utilising the printed circuit board (PCB) industry, it can turn around bespoke fuel cell stacks from design concepts to physical units within days, saving up to a year in development time compared to other manufacturers.
CEO and Co-Founder of Bramble Energy, Dr Tom Mason, said: “The recent Series B funding round allows us to continue solving some of the greatest barriers to the adoption of fuel cells – through our ground-breaking manufacturing route, scale-up potential and low-cost production.”
Following the previous funding round in summer 2020, the startup has rapidly grown from a team of 3 to 35 and is fast becoming a leading hydrogen fuel cell provider, helping to deliver a cleaner and more sustainable world.