Pulsiv raises £1.5m in latest funding round
Pulsiv Limited, a UK-based cleantech company announces that it has raised £1.5m through an equity funding round supported by existing shareholders, including management and Frontier IP Group plc (a founder of the business), and new angel investors. The round remains open.
Pulsiv’s unique technology aims to conserve every watt of power that needs converting when consumer devices are run from a mains supply, when batteries are being charged, when LED lights are illuminated or when electricity is generated from solar panels. Products under the Pulsiv OSMIUM brand are designed for always-efficient power supplies. Pulsiv HORIZON technology has been developed for advanced solar micro-inverters and power optimizers. The company sells a range of system controllers that intelligently manage power conversion. Our proven reference designs will enable seamless integration by OEMs and accelerate industry adoption.
The Pulsiv OSMIUM architecture can be used in a broad range of OEM products that demand high efficiency, compact design and a low-cost bill of materials. Pulsiv OSMIUM technology exceeds the highest Energy Star standards, eliminates inrush current, reduces overall component cost/count and delivers consistent performance from no-load through to full power. Our scalable solution promotes a platform approach and economies of scale – most components remain unchanged across different designs.
Pulsiv HORIZON employs patented methods for extracting more energy from solar panels than alternative solutions, and our innovative prototype uses a unique split architecture to maximize the power generated by solar micro-inverters and power optimizers under all operating conditions. Standard reference designs will create greater competition, ensuring that future solar installations will generate maximum returns and accelerate the transition towards renewable energy.
The investment raised during this round supports the commercialization of Pulsiv OSMIUM and the ongoing development of Pulsiv HORIZON:
– Pulsiv OSMIUM development systems are currently being manufactured to support customer evaluations and product integration.
– Pulsiv OSMIUM reference designs will simplify the customer journey and drive mass-market adoption.
– Pulsiv HORIZON reference designs will demonstrate our new architecture for power optimiser and microinverters with best-on-class CEC/EU efficiency and power delivery.
Pulsiv’s original concept for more efficient power conversion between AC and DC was developed by Zaki Ahmed and spun-out of the University of Plymouth. It is protected through multiple patent families and trademarks. A global energy transition is underway to phase out fossil fuels and reduce greenhouse gas emissions. IRENA (International Renewal Energy Agency) reports that 90% of the required carbon reductions can be achieved by switching to renewable energy sources and implementing a range of efficiency measures. Rising energy prices, concerns about energy security and inflationary pressures are also driving the need for Pulsiv technology.
Pulsiv CEO Darrel Kingham commented: “We are delighted to have secured this funding given the challenging fundraising environment and full credit goes to my leadership team and our strategic partners. This shows confidence in our progress over the last 18 months, with Pulsiv OSMIUM far exceeding the original design goals and the Pulsiv HORIZON prototype producing best-in-class results. The many benefits of our technology will challenge conventional thinking and give customers an opportunity to differentiate their products in a number of markets.”
