Edinburgh-based Dukosi — a developer of technologies that transform the way advanced batteries are designed and operated in electric vehicles, transport, energy storage and industrial applications — has been acquired by New York-based investment group KCK.

Dukosi chief executive Nat Edington (www.dukosi.com), said: “KCK shares our vision and ambitious plans for the business, and I look forward to working with it to ensure that Dukosi technology is at the forefront of the next generation of batteries.”

Nety Krishna, head of industrials and emerging technologies at KCK, said: “Dukosi represents a key module for next-generation battery systems.

We are looking forward to working with the team to accelerate its development and commercialisation plans to meet the needs of a massive market.”

Scottish Investment Bank director Kerry Sharp said: “We have supported Dukosi for more than seven years, including SIB investment and Scottish Enterprise grant funding.

“We are excited to see it enter the next phase in its growth journey as part of KCK, and we look forward to continuing our strong strategic relationship.”