£5m funding round progresses strongly
Following an interim close last month and very strong interest from investors, the team are finalising the remains of the round. New investors are now only accepted on a first-come, first-serve basis.
Their patent protected design enables significant performance improvements for all compressors in general. In particular they can deliver 20% improvement in energy efficiency, proven following a successful trial with a major water company.
Lontra’s proven technology has secured its first significant (greater than £50m) licence deal with a global manufacture and sales company for a new design of compressor, sparking a wave of support from the investor community.
By Robin Rowland Hill, firstname.lastname@example.org