Kite Power Systems develops kite power technology using two tethers and kites that fly up to 1,500 feet, generating electricity as a winch spools out. The company positions the technology as a lower-cost alternative to conventional offshore wind turbines requiring less manufacturing and installation materials. KPS relocated from Essex to Scotland in February 2017, consolidating operations with a research and test facility near Stranraer and a head office in Glasgow. It had a team of 20, mainly engineers, and aimed to grow to 34 employees by the end of 2017. The company secured equity funding to expand and demonstrate its latest kite power iteration in Scotland.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2017