Invinity Energy Systems plc, the AIM-listed vanadium flow battery manufacturer with factories in the UK and Canada, has published a circular and notice of general meeting seeking shareholder approval for a fundraising of at least £20 million, with a maximum size of £25 million.
New shares are being offered at 10 pence each. The package combines a cornerstone investment from the UK's National Wealth Fund, a placing to institutional investors, and a separate offer to individual retail investors.
National Wealth Fund anchors the raise
The National Wealth Fund, already a significant shareholder, has committed at least £10 million and may increase that to £12.5 million. Under the proposed arrangements, the fund could also match the amount subscribed by retail investors. The final amount raised depends on investor participation and completion of the issue process; the company has not confirmed it will reach the £25 million ceiling.
Where the money goes
Invinity has set out a clear allocation of proceeds:
— roughly £10 million for accelerating product development and reducing manufacturing costs;
— about £8 million for working capital;
— approximately £2 million for expanding manufacturing capacity in the UK and the United States.
The company says the funding is intended to strengthen its ability to deliver existing commercial orders and to support its business plan through 2026 and 2027.
Timetable and pipeline
The circular was published on 23 October 2026, with proxy instructions due by 11:30 a.m. on 9 November and a general meeting at 11:30 a.m. on 11 November. Admission of the fundraising shares to trading on AIM is expected at 8:00 a.m. on 12 November 2026.
Invinity also disclosed a commercial pipeline of more than 12.5 GWh. The company cautions that this figure represents potential commercial opportunities rather than contracted orders, and that revenue is not assured until projects convert into firm contracts and deliveries.
The company positions its Endurium VFBs as engineered for heavy-duty, high-throughput applications that do not wear out, cannot catch fire, and are designed to be operated for 30 years or more.
Separately, Invinity is progressing an investment-grade insurance arrangement for its battery systems, aimed at improving the financial acceptability of its products with project customers and financing partners. The company is also advancing the FlexBase Technology Centre in Laufenburg, Switzerland, while trimming corporate and operating costs to improve efficiency.
This article was assisted by AI analysis. Please refer to the original source for official information.