SAN DIEGO–(BUSINESS WIRE)–UCAP Power Inc., a leading developer of ultracapacitor-based power solutions, today announced the close of a special purpose venture round of funding led by Grantchester C Change.
“I am extremely pleased to have Grantchester invest in UCAP’s strategy and vision for clean and reliable power,” said Gordon Schenk, CEO of UCAP Power. “Grantchester C Change is the perfect partner for UCAP Power given their broad global reach in the Energy sector and their talented base of operating partners.”
“The UCAP Power team have the global network, relationships and industry experience to make our strategic investments a success,” commented Liz Griggs, Managing Partner & CEO of Grantchester C Change. “We believe that UCAP Power is ideally positioned for significant and rapid growth in support of the global transition to electrified vehicles for both commercial and consumer use. By making this investment in UCAP Power, we are underscoring our support for UCAP Power and their outstanding team as they further build the global leadership of UCAP Power in the energy storage industry around the world.”
With the global vehicle electrification and renewable energy expansions, ultracapacitors are ideally suited to support very high bursts of power over extended cycle periods in scenarios that expose typical battery technologies to failure or safety issues. As a leader in this market, UCAP Power is using the proceeds of the funding round to expand production and engineering capabilities, invest in core technologies, and grow the team.
About UCAP Power
San Diego-based UCAP Power provides ultracapacitor-based power solutions across a wide range of renewable markets. Established in 2019, the company was founded by proven leaders in the ultracapacitor market, who had previously held positions in Maxwell Technologies’ leadership and product teams prior to Maxwell’s acquisition in 2019. UCAP Power’s ultracapacitor systems use sustainable based products offering a long-lasting source of reliable high-power energy storage that can help eliminate lead-acid and other hazardous materials in batteries. UCAP Power is a proud portfolio company of EvoNexus, California’s leading nonprofit technology incubator and a member of Southern California Energy Innovation Network (SCEIN). Further information can be found at www.ucappower.com
About Grantchester C Change
Grantchester C Change is an investment management company that is actively involved in the development and execution of industry transformational strategies with world class seasoned industry platform company partners. It strives to create value for investors by harnessing the massive growth potential of industries that are in the midst of major technological change and re-tooling. Grantchester specializes in creating and fostering long term large customer and strategic partner relationships in transformational industries as a way to reduce investor risk and insure significant sales growth for platform companies. Some of the transformational areas Grantchester C Change is investing in include electrification, transportation, and related clean energy infrastructure. Further information can be found at www.grantchestergroup.com