Strategic minority investment · Industrial tech
SubSea Craft buys 40% stake in LORILLION
The multi-million-pound investment supports British battery engineering and production.
LORILLION plans to grow its engineering team beyond seventy people, advance its battery-management technology and open a Midlands production facility in 2027. The precise investment value was not disclosed.
The companies already work together on batteries for SubSea Craft’s VICTA vessel. Bringing battery development closer to the vessel manufacturer gives the partners greater control over a critical supply chain.
Use of funds
Expand engineering team
Develop battery-management technology
Establish Midlands production facility
Funding history
Strategic minority investment · This roundUndisclosed