The capital raised will help accelerate ULEMCo’s development activities in hydrogen dual fuel, fuel cell and zero-carbon emission combustion.
The round was led by Mercia Ventures and the first Northern Powerhouse Investment Fund (NPIF), and included existing investors Equity Gap, Scottish Enterprise and the North West Fund.
“ These investments are a strong endorsement of our technology, 
capabilities and vision,” says Amanda Lyne, (pictured) founder and md of ULEMCo, “the time is right for hydrogen to take an even more important role in the move to clean mobility and net zero.”
The new funding will allow the company to grow more rapidly, expanding its capability and building its team in upgrading, upcycling and future proofing essential machinery, equipment and vehicle assets in commercial applications.
Demand for cost effective routes to decarbonising heavy-duty vehicles, non-road machinery and specialist services is increasing on the back of global plans for scaled production of clean hydrogen.
In recent months, ULEMCo has focussed its activity on offering commercially viable solutions that enable companies, operators and the public sector to implement the use of hydrogen fuel in their fleets.
It has standardised its dual fuel solution (H2CED) across different makes and types of vehicles, machines and equipment, including refuse trucks, road sweepers and other specialist applications.
The funding comes at the ten-year anniversary of ULEMCo’s founding, the company having since grown through sales of its dual-fuel conversion service.
Aberdeen has 55 hydrogen-enabled vehicles. ULEMCo’s first “Fleetwide Conversion Contract” with the City Council supports the development of their local hub and cluster, creating potential demand for over 50 tonnes of hydrogen per annum.
”This forward-looking business answers an unmet demand for hydrogen-based fuels paving the way towards a more sustainable future,” says Debbie Sorby of the British Business Bank.
ULEMCo has a range of hydrogen approaches including hydrogen dual-fuel, fuel cells and hydrogen combustion engines.
