{"id":53064,"date":"2020-05-11T11:02:52","date_gmt":"2020-05-11T11:02:52","guid":{"rendered":"https:\/\/www.newangliagrowthhub.co.uk\/?p=53064"},"modified":"2021-07-13T14:44:21","modified_gmt":"2021-07-13T13:44:21","slug":"grant-support-will-help-propel-electric-vehicle-company-post-lockdown","status":"publish","type":"post","link":"https:\/\/bedotdev.com\/newanglia\/grant-support-will-help-propel-electric-vehicle-company-post-lockdown\/","title":{"rendered":"Grant support will help propel electric vehicle company post lockdown"},"content":{"rendered":"

Electric vehicle company Spark EV Technology from Suffolk is to benefit from a scheme aimed at accelerating innovation.<\/strong><\/p>\n

The business, based in Newmarket, will have access to up to \u00a3104,000 in grant funding and long-term support from industry experts to help it accelerate its AI-based journey prediction and map display software.<\/p>\n

Spark is among the high-growth companies to successfully pitch to experienced angel investors through a co-investment fund backed by \u00a34m from New Anglia LEP in partnership with Anglia Capital Group.<\/p>\n

To date it has received \u00a3135,000 from New Anglia Capital\u2019s co-investment fund\u2013 matched against \u00a3135,000 from Anglia Capital Group\u2019s investors. The scheme is designed to stimulate entrepreneurship, encourage angel investment and promote economic growth across Suffolk and Norfolk.<\/p>\n

Now the company has joined the Advance propulsion Centre\u2019s 18-month Technology Developer Accelerator Programme), which will give it access to more funding and invaluable help in progressing its innovative software.<\/p>\n

Spark is committed to using its intelligent electric vehicle software to help accelerate the take-up of EVs and transform the environment around us as we move to a low-carbon future.<\/p>\n

By using journey data from electric vehicles combined with its machine learning algorithms, Spark\u2019s software delivers journey predictions that are more than ten times more accurate than existing systems. This reduces range and time anxiety from drivers \u2013 identified as one of the biggest global obstacles to EV adoption.<\/p>\n

Commenting on the news, the company\u2019s CEO Justin Ott said: \u201cAgainst the backdrop of the current COVID-19 crisis, it is really positive to see continued UK government investment in future propulsion technologies that will drive a low-carbon future. Focusing on emerging technologies such as Spark now will accelerate progress so that we are able to exploit our innovation once we move out of lockdown.<\/p>\n

\u201cWe have already proven the benefits of our software through over 10,000km of real-world trials across a wide range of electric vehicle brands, terrains and driving styles with the likes of BP, Hyundai and Renault Nissan Mitsubishi Alliance.<\/p>\n

\u201cJoining the TDAP is the next step in our commercial journey, enabling us to access the resources we need to scale within the automotive supply chain and bring our product to mass-market adoption.\u201d<\/p>\n

For more details on how to approach New Anglia Capital for funding, please contact the New Anglia Growth Hub by calling 0300 333 6536<\/a> or emailing growthhub@newanglia.co.uk<\/a>.<\/strong><\/p>\n

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Electric vehicle company Spark EV Technology from Suffolk is to benefit from a scheme aimed at accelerating innovation.<\/p>\n","protected":false},"author":2,"featured_media":55615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-53064","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-news-post-types","post_format-post-format-video"],"yoast_head":"\nGrant support will help propel electric vehicle company post lockdown - New Anglia Growth Hub<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grant support will help propel electric vehicle company post lockdown - New Anglia Growth Hub\" \/>\n<meta property=\"og:description\" content=\"Electric vehicle company Spark EV Technology from Suffolk is to benefit from a scheme aimed at accelerating innovation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bedotdev.com\/newanglia\/grant-support-will-help-propel-electric-vehicle-company-post-lockdown\/\" \/>\n<meta property=\"og:site_name\" content=\"New Anglia Growth Hub\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-11T11:02:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-13T13:44:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bedotdev.com\/newanglia\/wp-content\/uploads\/2020\/05\/Electric-Car.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Site Administrator\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Site Administrator\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bedotdev.com\/newanglia\/grant-support-will-help-propel-electric-vehicle-company-post-lockdown\/\",\"url\":\"https:\/\/bedotdev.com\/newanglia\/grant-support-will-help-propel-electric-vehicle-company-post-lockdown\/\",\"name\":\"Grant support will help propel electric vehicle company post lockdown - 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