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E-Synergy backs Lysanda in £1m funding round

E-Synergy has led a £1m (€1.5m) funding round for UK automotive technology company Lysanda

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E-Synergy has led a £1m (€1.5m) funding round for UK automotive technology company Lysanda

E-Synergy invested £500,000 through its Sustainable Technology Fund, with the remaining £500,000 provided by the East of England Development Agency and business angels.

The funding round will allow Lysanda to finish commercialising its vehicle emissions monitoring technology, Eco-Log, and to launch it later this year.

The technology allows fleet operators to monitor data, such as vehicle emissions and fuel economy, and to use this information to minimise running costs and the environmental impact of their fleets.