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Frontier IP Group PLC - London-based investment and asset management company - UK Government Future Fund invests GBP250,000 into Frontier IP Group investee Pulsiv Solar Ltd as part of a overall GBP500,000 fundraise. Frontier IP, which holds a 19% equity stake in renewable energy innovator Pulsiv Solar, has also invested GBP50,000. The funding will help Pulsiv Solar step up its development of a technology which will improve the energy efficiency of power conversion aimed for the industrial market. The UK Government Future Fund was established to support innovative businesses through the Covid-19 pandemic.
Current stock price: 73.78 pence
Year-to-date change: up 12%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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