The corporate team at Penningtons Manches Cooper has advised Bramble Energy on the completion of their £35 million Series B financing round. The financing will allow Bramble Energy to roll out its portable power products globally, as well as continue to develop its liquid cooled fuel cell stack capability.
Bramble Energy is a disruptor in the clean tech space with its revolutionary fuel cell technology. It has developed a unique, patent protected, printed circuit board (PCB) fuel cell – the PCBFC™ - utilising existing and cost-effective production methods and materials from the well-established PCB industry, reducing cost and complexity in manufacturing hydrogen fuel cells. Bramble Energy’s technology can be a game changer in solving key challenges in the production of hydrogen fuel cells including: lead times, up-front investment, manufacturing cost and scalability.
The team at Penningtons Manches Cooper specialises in advising innovative technology companies on all aspects of their legal needs and has previously advised Bramble on its Series A fundraising and other matters. The team advising on this latest round of funding was led by corporate partner James Went with corporate associate Lindsay Chadwick, and included support from corporate tax partner Kathy Hills and associate Leonie Langley.
CEO and Co-Founder of Bramble Energy, Dr Tom Mason, comments: “This is a hugely exciting time for Bramble Energy and this funding round allows us to continue solving some of the greatest barriers to the adoption of fuel cells. I’d like to thank James Went and the Penningtons Manches Cooper team for their continued support and expertise in completing this financing.”
James Went, corporate partner at Penningtons Manches Cooper said:
“We are delighted to have advised Bramble Energy on their latest funding round. It’s a great team with huge potential and vision for the future of clean energy - we look forward to continuing to support them as a leading UK-based net zero success story.”
This investment has been led by HydrogenOne Capital Growth plc and is supported by the Company’s existing institutional investors (BGF, IP Group, Parkwalk Advisors and the UCL Technology Fund).