A Scottish technology specialist firm has received an investment worth £1.2 million.
Dukosi will use the cash to boost the development and commercialisation of its smart battery technology for hybrid and electric vehicles (EVs), renewables, grid and local energy storage.
The battery management system ensures the safe operation of large batteries, increases their operational performance and maintains the durability of the battery cells over many years, the company stated.
It also claims the smart battery is expected to have a positive impact on the Lithium Ion (Li-ion) battery cell market which is forecast to reach $75 billion (£48bn) by 2020.
Clive Scrivener, Chairman at Dukosi said: “By adding advanced cell modelling and power electronics enhancements, Dukosi is meeting the rapidly growing demands of the automotive and static energy storage industries for more efficient technology. Our disruptive, distributed, cell level approach enables the company to deploy ever more cost effective battery solutions to support an accelerating low carbon economy.”