A Cleantech investment opportunity in the global hydrogen economy. With a world class engineering team and highly experienced management, Viritech’s mission is to be the world’s leading developer of hydrogen powertrain solutions for the Automotive, Aerospace, Marine & Distributed Power industries
- Solution-focused, F1-derived, agile engineering culture
- Pipeline includes a Hypercar and HGV & light aircraft powertrains
- Seeking to deliver powertrain solutions suitable for multiple industries
- Patents pending: Energy Management, Hydrogen Storage
Global electrification is happening. Grids are adopting renewables and becoming greener. Abundant green hydrogen is on the horizon. Lithium prices are soaring and supply chains challenged. Hydrogen is vital to the future of a transportation industry facing a revolution. OEMs are facing existential challenges and many solutions will come from new disruptive technologies and disruptive business models.
Viritech is applying F1-derived engineering disciplines and highly innovative IP to the development of revolutionary hydrogen powertrain solutions for the automotive, aerospace, marine & distributed power industries.
Based at MIRA in Nuneaton, with access to R&D facilities and engineering resources used by many of the world's major automotive manufacturers, Viritech's business model is to design, develop and license proprietary hydrogen powertrain technologies to global OEMs and Tier-1 suppliers, with the aim of generating high margin, recurring revenues.
This second round will be used to accelerate development of:
- The prototype of the Apricale® Hypercar – to be built and tested in 2022
- Viritech’s Tri-Volt™ energy management system
- Graph-Pro™ pressure vessels – bringing them to manufacturing readiness
- An HGV powertrain for testing and road trials
- A light aircraft powertrain for testing on a ‘mule’ aircraft
Viritech’s board, supported by a growing team of exceptional engineers, includes extensive experience of founding and scaling early-stage companies:
Timothy Lyons – Founder & CEO - A successful Fintech entrepreneur who has founded and exited two companies sold to major US corporations, Timothy has had a lifelong passion for engineering. His vision for Viritech stems from his belief that the world’s transition to Green Hydrogen is vital to the long-term sustainability of our planet
Matt Faulks – Co-Founder & CTO- Matt founded TdF Power Engineering in 2009, specializing in development projects for motorsports and automotive customers, including Liberty Media and Formula One Management. His wide range of engineering skills, includes leading expertise in the development of vehicle control systems
Ben Reid – Board Member & Head of Corporate Development - Founder and CEO of Aspremont, CEO of Safe Solvents (Europe) Ltd., and a Board member of ORP/Freehand, Ben is a widely experienced business strategist, specialising in the commercialisation and scale-up of early-stage, disruptive businesses
Graham Eves - NED - Graham spent his early career with GKN, before helping to establish AIM. Responsible for bringing AB Dynamics to AIM in 2013, remaining on the Board until 2020, Graham is also a member of the Board of Haydale Graphene Industries