Press & Media

Press & Media

Latest News & Press Releases

SUBSEA CRAFT MAKES MULTI-MILLION-POUND INVESTMENT IN LORILLION TO STRENGTHEN THE UK'S SOVEREIGN BATTERY CAPABILITY

14 August 2026

SubSea Craft has completed a strategic investment for a 40% equity interest in LORILLION to strengthen the UK's sovereign capability to design, industrialise and manufacture specialist battery systems for defence, marine and automotive sectors.

Building on an existing technical relationship between the two companies, the investment combines LORILLION's battery engineering expertise with SubSea Craft's advanced maritime platforms. The agreement will significantly advance UK technology, manufacturing capability and supply-chain resilience.

Project DUALCHARGE

25 July 2025

LORILLION is leading a new £1.7 million UK government-backed project aimed at developing a market-leading Power Conversion Unit (PCU) that will enable a smaller, lighter, and more commercially viable solution for a range of sectors, including electric motorcycles, three-wheelers, quadricycles, eVTOL and industrial equipment.