DG Innovate’s Deregallera awarded funding from APC for SUPAR project

DG Innovate

DG Innovate plc (LON:DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, has announced that the Company, through its subsidiary, Deregallera Limited, has been awarded funding from the UK Government’s Advanced Propulsion Centre through their Scale-up Readiness Validation competition, part of the Automotive Transformation fund.

The APC funding of approximately £600,000 will cover 50% of the eligible costs of the Company’s ‘Scale up Readiness Validation of Parallel Motor for Automotive Applications’ (“SUPAR”) project.  The SUPAR project is designed to optimise DG Innovate’s Pareta® high performance electric vehicle drives to enable the most appropriate cost of production using lean manufacturing techniques, enabling substantial upscaling to commercial scale production.  

The SUPAR project will involve the establishment of a pilot production facility, with particular attention to efficient manufacturing cell layout and the use of the latest lean manufacturing techniques.  This pilot production will be validated by the Company producing a quantity of its Pareta® units to provide scalable production viability, so that progressive upscaling to commercial scale production can be confidently undertaken.

Commenting, Peter Tierney, Chief Executive Officer of DG Innovate, said: “The SUPAR pilot production project is a strategically significant development for DG Innovate as we move from being a high technology motor designer to a full-scale provider in the supply chain for electric vehicle motors.  This is a critical building block in the progressive development and scaling up of DG Innovate’s Enhanced Drive technology as we look to become a supplier of choice for differentiated electric vehicle solutions.  I look forward to providing further updates as we progress.”

You might also enjoy reading  DG Innovate encouraged by progress with Pareta e-drive and enhanced battery technology
Find more news, interviews, share price & company profile here for:
DG Innovate plc

Good news travels fast (but only if you make that happen). Share on:

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit
Find more news, interviews, share price & company profile here for:
DG Innovate plc

AIM All Share Index