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Remanufactured electronics firm Alliance Transport Technologies has attracted a multi-million pound investment for a new R&D centre that aims to help fleet managers transition to EV and hydrogen.

Alliance has focused its expertise on hybrid electric battery technology in the last few years, enabling CV operators to expand the life of hybrid batteries and delivering cost savings and reducing their carbon footprint.

The recent investment from investor BGF means it can open a new centre in Coventry and keep up with the accelerating green and circular economy agendas.

Ivan Gunatilleke, ATT chief executive, described the cash injection as “a massive vote of confidence”.

He said: “The urgent need to meet carbon reduction goals and support government targets around the transition from diesel vehicles provides a significant opportunity for growth.

“BGF’s backing means we can continue to invest heavily in the things that will make a real difference going forward.

“Not only research and development but also investing significantly into developing the entire ATT team and the value proposition that we can give our customers.”

BGF investor Aaron Baker said: “In a critical year for energy transition, ATT offers cost, service and ESG benefits to customers, and is an early mover in fleet management support for hybrid and electric vehicles.”