InMotion Ventures’ first investment in Energy Source: $1.2M funding for lithium battery sustainability
Energy Source has caught attention overseas and has raised $1.2 million from InMotion Ventures, the investment arm of JLR (Jaguar Land Rover). This signifies InMotion Ventures’ inaugural venture into the Brazilian market.
Energy Source intends to use the fresh funds to capitalise on the growth of the country’s burgeoning startup ecosystem and broaden its focus beyond the UK and the US. It will use the capital to accelerate growth and expand operations, enabling it to continue catering to global clients in the future, such as JLR, from their 4,500 m2 industrial plant in São João da Boa Vista.