Commercial fleet charging solutions firm Tual has raised £1.5m in new funding to scale production of its PowerUp battery-buffered DC charging system.
The new funding round was led by investment fund PT1 and included participation from Ascension Ventures, the UK-based early-stage fund, and P3A, the German investment firm specialising in energy, utilities, real estate and infrastructure technology.
It will enable Tual to move into full-scale production of its production-spec PowerUp battery-buffered DC charging system and build out field operations ahead of its launch in Europe.
Tual’s technology is designed to address critical charging barriers facing commercial electric vehicle operators – delivering dependable charging for enterprise and critical-response fleets.
The company’s PowerUp Charger delivers high-power DC charging on grid-constrained sites through integrated battery energy storage, drawing and storing power during off-peak periods for on-demand deployment.
PT1 brings an extensive track record in next-generation battery systems, real estate technology and the wider energy transition, with investments including Voltfang and Terra One.
Ascension and P3A add further depth, bringing domain expertise across sustainability, industrial electrification and the financing of complex infrastructure assets.
The investors also bring extensive networks of commercial customers across Europe, giving Tual accelerated access to high-value deployment opportunities.
Philip Clarke, founder and CEO at Tual, said, “Europe’s infrastructure-tech investors recognise the scale of the challenge ahead.
“They understand energy, the role of batteries, heavy industry, and the complex financing required to build the next generation of infrastructure.
“Their backing is a strong validation of both our technology and our operating model – and their networks will allow us to scale significantly faster across Europe.”
