Scottish battery storage startup LIND has successfully closed a seed investment round, securing £900,000 in funding from a syndicate of investors including Green Angel Ventures, Scottish Enterprise, and the University of Strathclyde. Founded in 2019 and headquartered in Kinross, LIND has collaborated with the University of Strathclyde on electrochemistry research. The newly acquired funds will be instrumental in advancing the research, production, and commercial scale-up of LIND's battery technology.

LIND specializes in battery technology designed to operate efficiently at elevated temperatures. Unlike conventional lithium-ion batteries, LIND's technology boasts a lifespan of over 20 years, providing a non-toxic and scalable solution for applications ranging from domestic households to large industrial setups. The startup aims to leverage the funding to drive further innovation and accelerate the rollout of its technology over the coming year.

The University of Strathclyde's investment was made through the Strathclyde Inspire Entrepreneurs Fund and the Stephen Young Entrepreneurship Awards. Jamie Lindsay, Managing Director at LIND, emphasized the importance of the investment in scaling up the technology and rolling it out across various applications. Chief Technology Officer Declan Bryans expressed excitement about the possibilities that this investment opens up for the company, allowing them to introduce innovative energy solutions to the market.

Surakat Kudehinbu, Investment Executive at Green Angel Ventures, commended LIND's vision and commitment to sustainable energy solutions. The investment reflects confidence in LIND's ability to revolutionize the industry and positively impact the environment. Green Angel Ventures manages Green Angel Syndicate and the EIS Climate Change Fund, with over 350 members and investments in 43 startup and early-stage companies across various sectors, including energy, transport, buildings, food, agriculture, and recycling.