Success Story Vantage Power - British Business Bank

Vantage Power business fact-file

At Vantage Power we design and manufacture innovative battery packs, control systems and telemetry technologies for hybrid and electric heavy-duty vehicles. Our aim is to radically reduce harmful tailpipe emissions.
In early 2017 we generated £2.3m in predominantly Angel Investment in 2017. Of that amount, £700,000 came via the Angel Co-Fund.
That finance allowed us to fund technology development and provided working capital while customer trials and revenue kicked off.
I've led the business through several rounds of funding so I was relatively confident we'd be able to secure funding.
The process was long and it was a fairly substantial body of work, but not unreasonable given the amount of funding sought. And there was plenty of support from the Angel Co-Fund team.

1

Focus on the investors as much as how much you can raise from them.
2

The benefits of having a supportive and knowledgeable investor base cannot be overstated.
3

Having the emotional engagement of skilled business people can often make a substantial difference to young businesses.