Invinity’s major equity fundraising is targeting a minimum of £50m with half already committed by the UK Infrastructure Bank (UKIB). A second strategic investment of £3m has been committed by Korean Investment Partners. The raise will see Invinity to net cash generation, with £30m of the raise supporting the company’s scale up ahead of this year’s launch of the next generation Mistral flow battery. The raise will boost the balance sheet, reducing counterparty risk and unlocking sales and bigger deals, critical to maximising the potential Mistral.
02 May 2024
Invinity Energy Systems - Funded to Cash Generation and More
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Invinity Energy Systems - Funded to Cash Generation and More
Invinity Energy Systems PLC (IES:LON) | 23.0 0.1 2.2% | Mkt Cap: 50.5m
- Published:
02 May 2024 -
Author:
Adam Forsyth -
Pages:
7
Invinity’s major equity fundraising is targeting a minimum of £50m with half already committed by the UK Infrastructure Bank (UKIB). A second strategic investment of £3m has been committed by Korean Investment Partners. The raise will see Invinity to net cash generation, with £30m of the raise supporting the company’s scale up ahead of this year’s launch of the next generation Mistral flow battery. The raise will boost the balance sheet, reducing counterparty risk and unlocking sales and bigger deals, critical to maximising the potential Mistral.