About Hyperdrive Innovation
Hyperdrive Innovation is an Energy & Utilities company based in Sunderland (United Kingdom) founded in 2010 by Tony Irish, and was acquired by Turntide in June 2021. Battery management systems for electric vehicles are developed and manufactured. Hyperdrive Innovation has raised $13.52 million across 2 funding rounds from investors including Turntide, The Santon Group and Rivers Capital Partners. The company has 56 employees. The company was acqui-hired. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion. Its legal entity is HYPERDRIVE INNOVATION LTD.
Company details
Founded in 2010 in Sunderland, United Kingdom, battery management systems for electric vehicles are provided by Hyperdrive Innovation. Focus is placed on lithium-ion battery packs and systems integrated into electric vehicle powertrains. Vehicle sensors, range extenders, and electronic control units are also manufactured. Operations center on the automotive sector, supporting advancements in electric mobility through specialized components.
- Headquarters Sunderland, United Kingdom
- Employees 56
- Founders Tony Irish
- Stage Acquired
- SectorsEnergy & Utilities
- Website hyperdriveinnovation.com
- Social LinkedIn X Facebook
- Acquired by Turntide (Jun 2021)
- Legal Name Hyperdrive Innovation Ltd
- Date of Incorporation 14 Feb, 2012
- Jurisdiction GATESHEAD, ENGLAND
Funding Insights of Hyperdrive Innovation
Hyperdrive Innovation has successfully raised a total of $13.52M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8.84 million completed in November 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.52M
- Total Rounds 2
- Last Round Series B — $8.84M
- First Round $4.67M
(May 2016)
- Investors Count 4
All 2 funding rounds of Hyperdrive Innovation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | $8.84M | Series B | – | The Santon Group, Rivers Capital Partners | – |
| May 2016 | $4.67M | Series A | – | Hamilton Capital Partners, Rivers Capital Partners |
5 investors in total: 4 institutional and 1 angel.
Investors in Hyperdrive Innovation
Hyperdrive Innovation has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Turntide, The Santon Group and Rivers Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| riverscap.com | ||||
Engages in property investment, development, and private equity ventures globally. | 1992 | thesantongroup.com | London, United Kingdom | |
Manages diversified investment funds and portfolios for clients. | 2009 | hamiltonetfs.com | Toronto, Canada | |
Provider of smart energy management solutions | 2013 | turntide.com | Sunnyvale, United States | |
EC Ewen Campbell | unknown_ebd2294c98624b61a |
Investor details for Hyperdrive Innovation
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People of Hyperdrive Innovation
1 people are tracked at Hyperdrive Innovation (1 in leadership); the tracked headcount is 56.
| Name | Role | Group |
|---|---|---|
Tony Irish | Co-Founder | Leadership |
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Timeline of Hyperdrive Innovation
4 dated milestones of Hyperdrive Innovation across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Hyperdrive Innovation is founded.
- Funding First funding round of $4.7M.
- Funding Latest funding round, Series B, of $8.8M.
- Exit Acquired by Turntide.
Top companies in Energy Storage Systems
2 companies that operate in the same segment as Hyperdrive Innovation (Energy Storage Systems) in United Kingdom, ranked by their profile score on The Company Check.
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Frequently Asked Questions about Hyperdrive Innovation
Hyperdrive Innovation was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Hyperdrive Innovation is headquartered in Sunderland, United Kingdom. It is registered at Sunderland, England, United Kingdom.
Hyperdrive Innovation is a funded company, having raised a total of $13.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.67M, raised on May 2016.
Hyperdrive Innovation has 56 employees.
Annual revenue of Hyperdrive Innovation is $25.58M as on Dec 31, 2021.
Founded in 2010 in Sunderland, United Kingdom, battery management systems for electric vehicles are provided by Hyperdrive Innovation. Focus is placed on lithium-ion battery packs and systems integrated into electric vehicle powertrains. Vehicle sensors, range extenders, and electronic control units are also manufactured. Operations center on the automotive sector, supporting advancements in electric mobility through specialized components.
Hyperdrive Innovation has 5 investors. Key investors include Turntide, The Santon Group, Rivers Capital Partners, Hamilton Capital Partners, and Ewen Campbell.
Hyperdrive Innovation operates through Hyperdrive Innovation Ltd.
Yes. Hyperdrive Innovation was acquired by Turntide in June 2021.