Path Investments has completed the reverse takeover of DG Innovate Limited (now renamed “DGI PLC”), an advanced research and development company focusing on novel electric motor technologies and energy storage solutions. Working with a range of partners, including major transport and energy companies, research bodies and the UK government, DGI PLC is currently moving to the commercialisation stage of its development, developing products with applications across a range of end uses.
- £4.6 million raised to advance towards first significant product salesDGI PLC will now be focused on the development and commercialisation of its technologies. Its strategy is to evolve from being an R&D business into a Tier 2 supplier and/or technology licensor to the electric mobility and energy storage industries. To fund this, £4.6 million has been raised via a share subscription and warrant exercises.
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. DGI is currently developing its products alongside a number of major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.
