AMTE Power receives funding to lead EV project ULTRA

Amte Power plc

UK-based battery cell manufacturer AMTE Power plc (LON:AMTE) has announced that it has received funding from the Advanced Propulsion Centre to lead a consortium to deliver a new GBP 10 million ($14 million) three-year electric vehicle project called ULTRA.

AMTE Power CEO Kevin Brundish told S&P Global Platts Sept. 24 that APC, the UK’s battery research and development project facilitator, had provided 50% of the GBP10 million, which would be divided between AMTE Power and three automotive supply chain companies, namely electric drive system designer Magtec, EV charging equipment maker Petalite, and copper foil supplier Avocet.

AMTE Power plc is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage.

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