Warwickshire firm gearing up for zero-emissions growth

An engineering business creating power solutions for zero emission vehicles is aiming for growth after securing a key role in a major project.

Lyra Electronics, based at the University of Warwick’s HRI site in Wellesbourne, will work as part of a consortium to create a supply chain for automotive power electronics in a £33 million government-funded project called ESCAPE.

ESCAPE aims to advance the UK’s transition to zero emissions transport, with Lyra helping to create a hyper charger to fully charge electric vehicles.

Led by McLaren Applied Technologies, ESCAPE is one of five projects awarded funding, ranging from the development of high-performance battery packs and electrified construction equipment to hydrogen-powered engines.

After recently doubling the size of its base, the company is pressing ahead with ambitious growth plans to double staff numbers on the back of securing a role in the project, with assistance from the University of Warwick’s Business Ready programme.

Peter James, co-founder of Lyra Electronics, said: “Working on ESCAPE on everything from construction sites through to residential property. is a major project for us and we are delighted to be working as part of such an esteemed consortium.

As part of the company’s expansion, it has introduced three new services –key holding, mobile patrols and emergency response.

“We are aiming to roughly double our staff total over the coming months and will continue to expand our site this year.”