Lightning Hybrids will establishes offices and a workshop at the MIRA Technology Park as a springboard for international expansion.
US company, Lightning Hybrids International, will become latest international tenant to move into serviced office suites and a workshop at the MIRA Technology Park.
Lightning Hybrids International (LHI) is a manufacturer of hydraulic hybrid technology for harnessing brake power and has established its first UK base at MIRA Technology Park, joining other companies in the automotive cluster such as Bosch, Lockheed Martin, Haldex, GKN, Aston Martin and Continental.
The US automotive research and manufacturing company develops regenerative brake technologies specifically for light commercial vehicles, which capture energy during braking and turns it into acceleration. The innovative technology improves engine efficiency for vehicles that are frequently braking and stopping (including delivery vehicles), reduces brake wear, saves fuel and reduces pollution, including NOx and CO2 emissions.
The move to MIRA Technology Park provides LHI with a platform for international expansion, with the site the ideal location for growth, situated next to one of the most comprehensive proving grounds in Europe and providing access to 37 major engineering test facilities.
Tim Sherwood, Managing Director of International Business at Lightning Hybrids International, said: “We’re delighted to establish our first UK base at MIRA Technology Park. The Midlands – and indeed MIRA – is a hive of activity for the automotive industry, and home to many top tier automotive suppliers and OEMs.
“This location brings us closer to our UK customers and from here we hope to further grow our business in the UK and within Europe, as well as take advantage of the extensive facilitates available on our doorstep at MIRA Technology Park.”
Terry Spall, Commercial Director at MIRA Technology Park, said: “We are very pleased to welcome Lightning Hybrids International to MIRA Technology Park. With its new base here in the UK, serving as its European development hub, we’re looking forward to working with and watching this very innovative company grow over the coming years. It is further testament to the Midlands as a centre of automotive excellence that an international company like LHI is investing here, and specifically in MIRA Technology Park.”