Intelligent Energy raises £22m during latest round of funding

Intelligent Energy has completed its latest round of funding, raising in excess of $35m (£22m) from existing and new institutional shareholders.

This investment, achieved through a placement at £2.30 per share, values the company (on a fully diluted basis) at approximately $500m (£315m) and will enable Intelligent Energy to increase commercialisation within the consumer electronics and stationary power markets.