Vantage Power Raises £2.5M in Funding
Vantage Power, a London, UK-based hybrid powertrain manufacturer for buses, raised £2.5m in funding.
The round was led by former CEO of Barclays Corporate Banking Mr John Winter with participation from the Angel CoFund and, ex-board member, President and CEO of Daimler AG Asia, Turkey, India (TATA) and Portugal, Dr. Till Becker. In conjunction with the deal, Winter and Becker joined the board.
The company intends to use the funds to further develop the technology as well as invest in hiring engineering, manufacturing, sales and C-level professionals to scale the business.
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