HIPS successfully sourced & analysed a minority investment in Connected Energy, a Leeds (UK) based company specialised in second life battery storage for BESS in commercial and industrial use. £15mn, Series A round where Hinduja Renewable Holdings invested alongside Caterpillar Venture Capital, Mercuria, OurCrowd, and Volvo Energy. Connected Energy is also backed by Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund.
Exists in modular containerized solutions: E-STOR (power 300kW / capacity 360 kWh) using 20 ft container with 24 Renault EV batteries, and M-STOR (power 20MW / capacity 40MWh) for larger projects. Most importantly the superior software of the BMS is able to use different battery brands / chemistries.
This investment allows the Hinduja Group to better understand and fully integrate BESS in its renewable power offering for C&I as well as large public tenders.
HIPS successfully sourced & analysed a majority investment in Drive System Design (DSD), an advanced and fast-growing engineering services company in the UK (£1M-5M EBITDA, 150 employees).
Beryllus Capital, a multi-family office venture between the HG and Focus Financial Partners, was established in 2021. HIPS contribution includes:
Sectors: real estate, external asset management and secondary market financing rounds.
Creating value for UHNWI clients in bridge loans (tens of millions of GBP), devising new VC/PE technology/sustainability funds (hundreds of millions of GBP) that invest in promising portfolios of companies as well as bespoke investments in promising ventures (seed, Series A/B) across sectors/geographies that bring value to the Hinduja Group and its 10 verticals.
