A Cheltenham-based solar energy storage firm has received £4m in funding to help support its growth plans. Puredrive Energy secured the lending facility from commercial financing business Cynergy Business Finance.
Puredrive Energy designs, develops, builds and distributes solar energy battery storage products to residential and commercial customers. The business, which manufactures its products in the UK and distributes internationally, has developed tech that aims to help consumers increase renewable energy consumption by up to 85%.
The company said the cash injection would help support its fast-growing order book, including bringing on board a number of high-profile international customers in the next year.
