Selected as a GP Bullhound Cleantech Connect Company, 2010

TOP 25 EUROPEAN CLEANTECH COMPANIES 2010:

WINNER - FASTEST GROWING CLEANTECH COMPANY AWARD (GROWTH RANKING NUMBER 1)

SECTOR: VEHICLES

LOCATION: THE UNITED KINGDOM

FOUNDED: 2003

STAFF: 15

REVENUE CAGR 07-09: 944%

Ashwoods Automotive is a provider of hybrid-electric vans and hybrid drive systems. The company’s hybrid vans are proven to reduce emissions and fuel cost by over 15% compared with the equivalent diesel variant. Additionally, Ashwoods offers a hybrid drive retrofitting kit for panel vans. The company’s proprietary system delivers a reduction in fuel consumption by 15-25%, by recovering the kinetic energy usually wasted through braking or deceleration. The recovered energy is stored in a lithium-ion battery delivered to the wheels via a high efficiency electric motor.

Ashwoods is also launching the retrofit stop/start engine system which reduces fuel consumption and emissions by 5-10%. Ashwoods’ hybrid solution was recently selected by the Department for Transport as the sole hybrid technology to be used by the largest Public Sector commercial fleets in the UK. The company was also awarded a £1.8 million Research and Development project funded by the Technology Strategy Board (TSB) over 3 years in 2010.