Green Angel Ventures announced today that it has completed its latest investment in LIND Limited, a pioneer in alternative battery storage systems.
LIND is reaching a critical development period, leveraging this investment to drive research, innovation, and production scale-up. This substantial investment will drive innovation and commercialisation efforts, mainly focusing on introducing groundbreaking battery technology designed to operate efficiently at elevated temperatures.
Unlike conventional lithium-ion batteries, LIND’s innovative battery technology reaches a lifespan of over 20 years. Furthermore, it is engineered to excel in hot climates and heating systems, offering a non-toxic and scalable solution for domestic households and large industrial applications.
Founded in 2019, LIND has collaborated with the University of Strathclyde on pioneering electrochemistry research. The company’s headquarters are in Kinross, just north of Edinburgh.
LIND won the Stephen Young Entrepreneurial Award for the 2022/23 period. This award, established by Dr Charles Huang and his philanthropic foundation at the University of Strathclyde, follows his £10 million donation and recognises LIND’s contributions towards energy technology.
Jamie Lindsay, Managing Director at LIND, said:
“The deal is vitally important for us and will ensure we can successfully scale up the technology and focus on rolling out the technology across the next year and beyond. LIND focuses on developing bold alternative battery and heating products that impact customers and carbon emissions.”
Surakat Kudehinbu, Investment Executive at Green Angel Ventures, said:
“We are impressed by LIND’s vision and commitment to sustainable energy solutions. This investment reflects our confidence in their ability to revolutionise the industry and positively impact the environment.”