This follows on from the £30m debt finance myenergi secured from HSBC earlier this year to further fuel its expansion.
Lee Sutton and Jordan Brompton founded UK-based myenergi in 2016 with the purpose of removing the barriers to a greener future, including the technological, behavioural and financial challenges relating to fast adoption of smart energy products, setting the company on a mission to pioneer a simple transition to renewable energy.
myenergi has been recognised as one of the country’s top 30 fastest-growing private companies*, with average annual growth of more than 125% for the past three years. It manufactures a range of ‘eco-smart’ home energy technologies, including the market-leading solar-compatible zappi electric vehicle charge point, the eddi power diverter, and the libbi smart home battery.
EIP is a global investment firm focused on investing in the energy transition by supporting companies developing solutions that will define the future of energy and climate. This includes mission-driven, high impact UK and European tech companies, like myenergi, that contribute to safer, more flexible and cleaner energy sources.
As part of the equity investment, EIP’s Nazo Moosa, Managing Partner, EIP Europe, will join the myenergi board alongside Sir Terry Leahy, former CEO of Tesco and Peter Richardson, former COO of Dyson.