UK-based Invinity Energy Systems secures £25m investment

LONDON - Invinity Energy Systems plc (AIM:IES) (OTCQX:IESVF), a manufacturer of utility-grade energy storage, announced Tuesday it has secured a £25 million investment from two new strategic partners.

The investment comes from Atri Energy Transition Private Limited and Next Gen Mobility Limited, who will each subscribe for 64,102,564 new ordinary shares at 19.5 pence per share, representing a 5% discount to the company’s 10-day volume weighted average share price.

Invinity plans to use the proceeds to strengthen its global manufacturing capabilities, diversify its supply chain, support product development, reduce costs, and bolster working capital as it expands operations.

The subscription agreements are conditional on shareholder approval and certain regulatory clearances, particularly for Atri’s investment which requires Indian regulatory approval for outbound foreign investment. The agreements are not contingent on each other, meaning one investment may proceed while the other could lapse if conditions aren’t met.

Atri, founded by entrepreneur S Kishore, focuses on biofuels, long-duration energy storage, and urban mobility. The partnership will allow Invinity to pursue commercial opportunities in India, access lower-cost materials, and explore manufacturing in the region.

Next Gen is a Guernsey-incorporated holding company majority owned by Jonathan Keeling alongside Artha Global Opportunities Fund.

Under relationship agreements, both investors will each hold approximately 64.1 million shares following admission, and have agreed not to unduly influence the company while holding 10% or more of voting rights. Atri has been granted a right to appoint a director to Invinity’s board, while Next Gen can appoint an observer.

Invinity reported that it expects to recognize approximately £26 million in revenue and grant income for 2025, with results significantly weighted toward the second half of the year.

The information was disclosed in a company press release statement.

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