Arago Technology, a Manchester spin-out which is commercialising technology that can increase the capacity of existing overhead power cables, has raised a £325k ($482k) venture round.

The round’s backers include Manchester University, polymer composite manufacturer EPL Composites, the technology’s inventors, and MTI Ventures, which made its investment through its UMIP Premier Fund.

The UK-based firm plans to use the latest investment to continue testing with the National Grid and to entice further funding so it can take its products to…

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