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DG Innovate restructures board

UK electric drivetrain and battery developer DG Innovate has restructured its board and appointed three new former Tesla executives to senior roles.

The company has also raised £2.4mn ($3mn) in new funding through convertible notes fundraising.

Peter Bardenfleth-Hansen – currently CEO of EV charging firm Zaptec – will become CEO. Jochen Rudat and Christian Eidem will become executive directors, with Eidem acquiring a 29.3pc stake in DG Innovate as part of the deal.

DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.

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