Allye Energy secures $2.5 million seed funding to scale battery storage

💰 We're delighted to announce our $2.5 million seed round, led by continued investment from Elbow Beach and Alpha Future Funds.

This backing represents genuine confidence in our technology, our team, and the critical role intelligent battery storage plays in enabling electrification.

What gives us confidence for the journey ahead:

💼 Enterprise customers who trust us - JLR, Collins Earthworks Limited, Horizon Plant, OnBio, and Roadchef. Many returning for additional units and renewing subscriptions.

⚡ Major utility partnerships - Collaborating with SSE plc, ESB, and E.ON to strengthen grid infrastructure and accelerate electrification.

🌍 Global programme support - Third Derivative, Free Electrons Program, Plug and Play Tech Center, Hello Tomorrow and Start Up Energy Transition (SET) have accelerated our development and market reach.

📈 Commercial momentum - £2.7M confirmed order book, £10.7M project pipeline, and growing demand across construction, EV charging, film & TV, and utilities.

The challenge:

⚡ 50-80% of electrification projects face power constraints that can't be economically addressed. Grid limitations are slowing the transition to net zero.

Our solution:

🔋 Intelligent battery storage systems that work both on-grid and off-grid. We repurpose EV batteries with mixed chemistries to deliver flexible, cost-effective power - enabling EV fast charging, replacing diesel generators, and stabilising grids where traditional infrastructure falls short.

What's next:

Scaling our Allye MAX range, expanding into Europe over the next 12-18 months, and developing sector-specific solutions that unlock electrification at the pace the world needs.