TTPi Secures £340,000 Funding for EV Technology Enhancements
The Thinking Pod Innovations (TTPi), an innovative spin-out from the University of Nottingham in the UK, has recently secured £340,000 in funding to further advance its technological offerings in the realm of power converters and motor drive systems. While details regarding specific backers of this funding round remain undisclosed, the company is poised to utilize these financial resources to enhance its DC-to-DC modular converter unit, specifically designed for electric vehicle applications. This strategic investment will also focus on facilitating the establishment of commercial license agreements and securing patents that can fortify TTPi's market position in the rapidly evolving electric vehicle sector.
Working in close collaboration with the University of Nottingham, TTPi has pioneered advancements in technology that lead to the development of smaller, lighter, and more efficient power converters and motor drive systems.
Such innovations are crucial not only for electric vehicles but also for use in aircraft and various dynamic industrial processes that rely on electricity as a primary power source. The company's commitment to enhancing efficiency aligns with the growing global demand for sustainable and eco-friendly technologies, making it an important player in the transition towards a greener future.
Under the leadership of Chairman David Whelan, TTPi has recently announced the formation of a new advisory board to bolster its strategic initiatives. The board includes esteemed professionals such as Professor Jon Clare, an Emeritus Professor of Power Electronics at the University of Nottingham and a recognized authority in the field. He is accompanied by Dr. Simon Hart, an Honorary Associate Professor specializing in the Electrification of Transportation and an Entrepreneur in Residence at the same university, alongside Riona Armesmith, the Chief Technology Officer at magniX, an innovative company at the forefront of developing electric aircraft. Since its establishment in 2017, TTPi has successfully secured funding through various grants, including those from Innovate UK, UKRI, and Driving the Electric Revolution, complemented by income from innovative partnerships with firms like Advanced Electric Machines, National Grid ESO, and Infineon Technologies.
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