# HV Systems funding: rounds and investors

> HV Systems has raised $47M across 2 rounds since 2023. Investors include UK government and Advanced Propulsion Centre UK. Every round with its source.

Source: https://millionrounds.com/company/hv-systems (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *HV Systems*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$47M** raised across 2 rounds since 2023, from 2 sources

**$8.2M** Grant **$39M** Venture

- **Latest round:** Venture, $39M Mar 2025
- **Step-up i:** 4.7×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025

**$8.2M** Grant

**$39M** Venture

- **First round:** Grant, $8.2M
- **Biggest round:** $39M
- **Between rounds:** 2.1 years

## The rounds

- **Mar 2025** Venture **$39M** *1 new* *1 returning* [UK government](https://millionrounds.com/fund/uk-government) [Advanced Propulsion Centre UK](https://millionrounds.com/fund/advanced-propulsion-centre-uk) Source recorded
- **Feb 2023** Grant **$8.2M** *1 new* [UK government](https://millionrounds.com/fund/uk-government) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Grant** 2023 **Venture** 2025 [UK government](https://millionrounds.com/fund/uk-government) [Advanced Propulsion Centre UK](https://millionrounds.com/fund/advanced-propulsion-centre-uk)

## Everyone who backed them

[UK government](https://millionrounds.com/fund/uk-government) Government **2** rounds

[Advanced Propulsion Centre UK](https://millionrounds.com/fund/advanced-propulsion-centre-uk) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=hv-systems).

## Quick answers about HV Systems

### Who invested in HV Systems?

HV Systems's investors include UK government and Advanced Propulsion Centre UK.

### How much has HV Systems raised?

HV Systems has raised $47M across 2 rounds since 2023.

### When did HV Systems last raise?

HV Systems's most recent round was a Venture of $39M in Mar 2025.

### What was HV Systems's biggest round?

Its most recent round, $39M in Mar 2025, is also its largest on record.

### Who backed HV Systems first?

HV Systems's first round on record, in Feb 2023, was backed by UK government.

### What stage is HV Systems at?

HV Systems's latest named round is a Venture, in Mar 2025.

### Where is HV Systems based?

HV Systems is based in the United Kingdom.

## Companies like HV Systems

In the same sector, and raised in the last eighteen months.

[**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**Rightcharge** $1.4M · Sept 2026](https://millionrounds.com/company/rightcharge)[**TOGL Energy** $1.1M · Sept 2026](https://millionrounds.com/company/togl-energy)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Holdson** $2.8M · Jul 2026](https://millionrounds.com/company/holdson)

## Find investors like these

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