Allye Energy has completed a £1.9m seed round to accelerate deployment of its smart battery energy storage technology. The funding combines equity and debt financing to scale manufacturing and delivery of systems for both grid-connected and off-grid applications where traditional power infrastructure is limited.
The round was led by Elbow Beach, alongside Alpha Future Funds, reinforcing confidence in Allye’s ability to tackle energy access challenges across construction, film & TV, renewable energy, and infrastructure sectors. The company has a confirmed order book of $2.7 million and a project pipeline exceeding $10.7 million, signalling strong commercial traction and growing customer demand.
Allye’s intelligent battery systems operate both behind-the-meter and completely off-grid, offering flexible energy solutions that reduce reliance on fossil fuel generation and strengthen vulnerable grids. Early customers including Horizon Plant, OnBio and Roadchef have expanded their deployments or renewed contracts, validating the technology’s reliability and cost-effectiveness.
The company will use the funding to expand production of its Allye MAX and MegaMAX energy storage systems, strengthen its engineering team, and pursue partnerships to support European expansion over the next 12–18 months.
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 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.
Jonathan Carrier, Founder & CEO
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.
Nick Charman, Investor at Elbow Beach
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.
Benedikt Sobotka, General Partner at Alpha Future Funds
