Allye Energy has completed a $2.5 million (£1.8m) seed funding round to accelerate deployment of its smart battery energy storage technology.
The funding is backed by commercial momentum with a confirmed order book of $2.7 million (£2m) and project pipeline exceeding $10.7 million (£7.4m).
The strategic funding combines equity and debt financing, providing flexible capital to support the scale up of manufacturing and delivery of energy storage systems to both grid-connected and off-grid applications where traditional power infrastructure is unavailable or insufficient.
The round was anchored by Elbow Beach, who strengthened their strategic commitment to Allye’s mission, alongside Alpha Future Funds.
The backing from experienced investors validates its “unique position in addressing critical energy access challenges across the construction, film & TV, renewable energy, and infrastructure sectors”, it said.
Allye’s technology has initial customers including Horizon Plant and OnBio purchasing additional units following successful initial installations, while Roadchef has renewed its subscription contract.
The seed funding enables further commercialisation of the Allye MAX range of smart battery energy storage systems, including the MegaMAX range of 1MWh and 1.5MWh systems, while supporting strengthening of Allye’s engineering team to develop key power control innovations and battery storage technologies.
Jonathan Carrier, Founder and CEO of Allye Energy, commented:
“This funding represents validation of our vision to eliminate energy constraints through intelligent battery storage. Whether it’s strengthening vulnerable grids for DC fast charging electric vehicles or replacing diesel generators at remote construction sites, our technology provides immediate solutions where traditional infrastructure falls short.
“The strong commercial response we’re experiencing – reflected in our $2.7 million confirmed order book and $10.7 million pipeline across diverse sectors – demonstrates that the market is ready for these solutions. Seeing our initial customers return to purchase additional units and renew contracts gives us confidence that we’re delivering genuine value. This investment allows us to scale rapidly and meet growing demand from industries seeking reliable, cost-effective alternatives to both grid dependence and fossil fuel generation.”
Nick Charman, Head of Climate and Investment Director at Elbow Beach, said:
“Our decision to expand our investment in Allye reflects our confidence in the company’s technology and its contribution to Europe’s energy transition. Allye’s commercial momentum, with rising demand from both new and repeat customers across a range of industries, demonstrates the strength and scalability of its product offering. Its flexible, deployable energy storage solutions deliver clear economic value to customers while supporting the shift to a cleaner energy system.”
Benedikt Sobotka, Former Group CEO of Eurasian Resources Group, Founding Co-Chair of the Global Battery Alliance, and General Partner at Alpha Future Funds, commented:
“After decades in energy and resources, I’ve seen firsthand the challenges of building sustainable value chains amidst resource scarcity. Allye’s innovative approach to repurposing EV batteries—including those prematurely retired from accidents or early replacements—represents a circular economy breakthrough.
“Their unique ability to integrate different battery models and chemistries extends battery life cycles whilst creating new revenue streams from assets that would otherwise be recycled too soon. With EV adoption accelerating globally, Allye’s technology platform unlocks enormous value at scale.”
