Eta Green Power Secures Latest Funding Round of £649.9k to Advance Electric Drive Systems

Eta Green Power Limited, a pioneering developer and licensor of advanced electric drive systems, has successfully closed its latest funding round, securing £649.9k. The funding, with an allotment date of 23 April 2026, continues to fuel the company's mission to replace traditional internal combustion engines and mechanical/hydraulic systems across a diverse range of applications.

Based in Hethel, with its headquarters in Norwich, Eta Green Power Limited was incorporated on 11 December 2019. The company specialises in creating market-leading product efficiencies through highly cost-efficient electric drive solutions. Its core knowledge and patented technologies focus on advanced magnetics to deliver electric motors, controllers, and inverters that are designed to accelerate the transition to sustainable energy and eliminate hydrocarbon fuel sources. These systems are targeted at original equipment manufacturers (OEMs) and Tier 1 suppliers across various sectors, including off-highway, urban, commercial, marine, and on-road vehicle applications. The company prides itself on building on over 15 years of research and development to offer some of the most advanced, efficient, and cost-effective systems and solutions for vehicles and equipment.

According to its latest available accounts, Eta Green Power Limited reported a loss of £6,020,000. The company currently employs 48 individuals, a team dedicated to advancing its innovative electric drive technologies.

This recent £649.9k funding round, filed on 23 April 2026, marks another step in Eta Green Power's significant fundraising journey. While a specific valuation for this particular round has not been disclosed, the company has demonstrated a dynamic funding history since its inception.

Eta Green Power has consistently attracted investment, reflecting investor confidence in its technology and market potential. Its previous funding rounds include: - £6.7m raised on 30 November 2025, at a valuation of £17.4m. - £1.9m raised on 15 May 2025, at a valuation of £26.8m. - £803.8k raised on 31 December 2024, at a valuation of £50.8m. - £379.1k raised on 8 April 2024, at a valuation of £41.2m. - £200k raised on 27 March 2024, at a valuation of £9.9m. - £3.7m raised on 14 November 2023, at a valuation of £40m. - £7.2m raised on 24 April 2023, at a valuation of £32.2m. - £1.9m raised on 4 August 2022, at a valuation of £22.5m. - £205.5k raised on 8 April 2022, at a valuation of £18.3m. - £3.9m raised on 9 April 2021, at a valuation of £5.4m.

This extensive funding history highlights a pattern of consistent capital injection, with valuations fluctuating as the company progresses through different development and commercialisation phases. The latest round, while smaller in size compared to some of its larger previous raises, indicates ongoing support for its operational needs and continued development efforts.

Eta Green Power's focus on electric drive systems positions it within a critical and rapidly expanding sector of the UK funding landscape. The electrification of various vehicle and equipment categories, particularly in off-highway and commercial applications, represents a significant market opportunity. As industries worldwide strive to reduce carbon footprints and transition to sustainable energy sources, companies like Eta Green Power, which provide foundational technologies for this shift, are poised for continued growth and investment. The consistent funding rounds underscore the perceived value of their deep tech solutions in enabling this global energy transition.