IMPROVED advises Indra in its Series B round led by Gulf Oil International

“It was great to work with such a dedicated team at IMPROVED. The guidance, knowledge, and expertise in the technology, energy, and mobility sectors resulted in a successful series B round. The additional investment shows the depth of confidence in our ground-breaking technologies as we continue to unlock the potential of EVs as portable energy sources for a sustainable, greener energy ecosystem.”

“Indra is all about innovating our way to Net Zero; bidirectional charging technology enables us to unlock the potential of EVs as portable energy sources, connecting the vehicle with the home and the grid. Thanks to this latest investment, we are in a strong position to take full advantage of the growing EV market and continue to play a key role in developing bidirectional charging solutions in the UK and globally.”

“Gulf is delighted to grow its equity in Indra, supporting further the smart charging and the bi-directional charging ecosystem, which will play a crucial role to support the grid demand going forward.”

On behalf of the IMPROVED deal team: “It has been a pleasure to support the Indra team and enable the best possible process for the expansion of the Company. More importantly, it was a privilege to work with true innovators, leading the industry in the critical area of energy management. Indra boasts deep grid integration and advanced V2G bidirectional solutions, allowing customers to sell energy back to the grid. It also implements demand response contractual business models, only talked about by most competitors.”