KCK acquires Dukosi

IP Group, the investment arm of Scottish Enterprise, as well as Par Equity, the Edinburgh-based investment company, sold their stakes in the company.

Following the transaction, Dukosi will continue to expand its operations in Edinburgh and expand its footprint around the world.

Previous funding
In 2014, IP Group led a £1m round of funding, along with Scottish Enterprise and Par Equity.

In 2017, IP Group led a £2m funding round with the same consortium.

Company
Founded in 2003, Dukosi designs and develops battery management systems for electric vehicles and energy storage. It has developed Electric Vehicle Optimisation Integrated Circuit (EvoIC), a battery management and optimisation product. The firm is based in Edinburgh.

People
KCK – Nety Krishna (head of industrials and emerging technologies group).
Scottish Investment Bank – Jamie Vollbracht (partner); Kerry Sharp (director).
Dukosi – Nat Edington (CEO).

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