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Lexis+ AI

LIND's expansion in battery storage technology aided by top independent law firm

LIND's expansion in battery storage technology aided by top independent law firm


Burges Salmon guides LIND's £900,000 investment, accelerating innovative battery tech rollout for environmental impact and scalability

Burges Salmon, an independent UK law firm, recently provided critical counsel to LIND Limited, a Scotland-based innovator in alternative battery storage systems. LIND successfully secured a substantial £900,000 seed investment from notable entities such as Green Angel Ventures, Scottish Enterprise, and the University of Strathclyde.

The investment is earmarked to fuel LIND's groundbreaking battery technology innovation and propel the commercialization of its pioneering solutions. Established in 2019 and headquartered in Kinross, near Edinburgh, LIND has engineered advanced battery storage systems that boast impressive longevity surpassing 20 years. These systems are tailored to perform exceptionally well in high-temperature environments, offering scalable, non-toxic solutions for both domestic households and large industrial applications.

The Edinburgh-based team at Burges Salmon, led by associate Niall Mackle and partner Danny Lee from the Corporate and M&A team, played a pivotal role in advising LIND throughout this transformative funding transaction.

Niall Mackle expressed enthusiasm, highlighting LIND's commitment to reducing carbon emissions and supporting energy bill cost reductions for numerous customers. He emphasized the firm's pleasure in guiding LIND through this significant fundraising initiative, crucial for the company's growth and operational expansion across Scotland.

Jamie Lindsay, Managing Director at LIND, emphasized the importance of the deal in facilitating the scaling up of their technology. Lindsay expressed gratitude towards Niall and Danny for their unwavering support. Recognizing Burges Salmon's expertise in advising startups and their understanding of net-zero technologies, Lindsay acknowledged the firm as an ideal partner for their growth journey.

Burges Salmon, since establishing its Edinburgh office in May 2019, has established a robust presence in Scotland's legal landscape. Renowned for handling intricate and high-value transactions, the firm's corporate practice has earned recognition for its adept support of rapidly expanding companies. Leveraging legal expertise and sector-specific insight, Burges Salmon continues to provide tailored solutions for its diverse clientele, fostering growth and innovation within the business landscape.

Lexis+ AI