Who invested in Ulemco

3 rounds we have observed, with the 5 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

Raised 12 months ago

Funding summaryUpdated 26 Oct 2026

$10Mraised across 3 rounds since 2024, from 3 sources

$6.3MVenture$1.7MRound$2.4MDebt

Latest round: Debt, $2.4MNov 2025
Biggest round: $6.3MVenture · May 2024
Step-upi: 1.4×
Investors: 5

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.

2025

$6.3MVenture$1.7MRound$2.4MDebt

First round: Venture, $6.3M
Biggest round: $6.3M
Usual gap between rounds: 14 months

The rounds

Nov 2025
Debt$2.4M1 new3 returning
Source recorded
Jun 2025
Round$1.7M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
May 2024
Venture$6.3M4 new
Source recorded

Funding filed with regulators

Ulemco filed 4 raises, $4.2M in all. Filings say how much was sold and to how many investors; they never name the investors.

Jun 2025$343KUK share allotment
Jun 2025$1.4MUK share allotment
May 2024Amount not statedUK share allotment
Feb 2024$2.5MUK share allotment

Founders and team

From Ulemco's own website: 6 on the team.

Paul BreadyChief Financial Officer
Amanda LyneManaging Director
Andrew GossNon-Executive Director
Dr Robert JoyceNon-Executive Chairman
Jordon CullenCommercial Manager
Paul TurnerTechnical Director

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.

Venture2024Round2025Debt2025

Scottish Enterprise

Mercia Asset ManagementNorthern Powerhouse Investment Fund

Innovate UK

Advanced Propulsion Centre UK

Everyone who backed them

Scottish EnterpriseGovernment2rounds

Mercia Asset ManagementVC firm2rounds

Northern Powerhouse Investment FundVC firm2rounds

Innovate UKVC firm1round

Advanced Propulsion Centre UKGovernment1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Ulemco

Who invested in Ulemco?

Ulemco's investors include Scottish Enterprise, Mercia Asset Management, Northern Powerhouse Investment Fund, Innovate UK and Advanced Propulsion Centre UK.

How much has Ulemco raised?

Ulemco has raised $10M across 3 rounds since 2024.

When did Ulemco last raise?

Ulemco's most recent round was a Debt of $2.4M in Nov 2025.

What was Ulemco's biggest round?

Ulemco's largest round on record is $6.3M (Venture), in May 2024.

Who backed Ulemco first?

Ulemco's first round on record, in May 2024, was backed by Scottish Enterprise, Mercia Asset Management and Northern Powerhouse Investment Fund and 1 others.