UK battery company Allye Energy has secured £1.9 million in seed funding to accelerate the deployment of its battery energy storage systems (BESS) in the UK and mainland Europe.
Climate-focused investor Elbow Beach led the financing, along with Germany-based Alpha Future Funds, and the investment will be used to achieve an order book worth $2.7 million and a total project pipeline worth $10.7 million, Allye Energy said.
The company delivered its first MAX BESS, a 300 kWh mobile unit that the company claims is the first in the world to use second-life electric vehicle (EV) batteries, to renewable energy provider OnBio. last Decemberand said the new funding would be used to commercialize its larger MegaMAX 1MWh and 1.5MWh systems.
It also noted that the funding would be used to “support the strengthening of Allye’s engineering team” and to expand production and supply of its storage systems for both grid-tied and off-grid applications. The company already sells its products in Great Britain and Ireland, and aims to expand into mainland Europe in the next 12 to 18 months.
“Our decision to expand our investment in Allye reflects our confidence in the company’s technology and its contribution to Europe’s energy transition,” said Nick Charman, head of climate and investments at Elbow Beach. “The flexible, deployable energy storage solutions deliver clear economic value to customers while supporting the transition to a cleaner energy system.”
Allye also noted that its “near-term priorities” include expanding EV battery repurposing and developing “sector-specific solutions” for electric vehicle charging in industries such as energy utilities and film and TV production. The pace of electric vehicle adoption is growing around the world, especially in Britain figures from the Rho Motion show that sales of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) increased by 30% and 60% year-on-year from September 2025.
“This funding represents the validation of our vision to remove energy constraints through intelligent battery storage,” said Jonathan Carrier, founder and CEO of Allye Energy. “This investment will enable us to scale quickly and meet the growing demands of industries seeking reliable, cost-effective alternatives to both grid dependence and fossil fuel generation.”
