AMTE Power's Kevin Brundish talks to Proactive London after listing on AIM, with an oversubscribed Placing raising £13.7million at 175p per share. The lithium-ion battery manufacturer has raised nearly twice the £7m it was originally seeking after 'very strong interest and demand'.
Prior to the placing, the business has already secured approximately £9.1m of equity finance, was awarded £5.8m of public sector grants and has generated commercial income to date of approximately £2.5m.