10 June 2021

BorgWarner Gateshead and Hyperdrive Innovation acquired by Silicon Valley sustainability company Turntide Technologies

Mathys & Squire is pleased to congratulate two of its clients – electric vehicle technology firm, BorgWarner Gateshead and battery manufacturer, Hyperdrive Innovation – following their recent acquisition by Silicon Valley-based company Turntide Technologies.

Backed by Amazon’s Climate Pledge Fund, Bill Gates and Robert Downey Jr, Turntide Technologies develops sustainability technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport. The company has confirmed multi-year £100 million investment into BorgWarner and Hyperdrive – both based in the North East of the UK – helping to put the region at the forefront of the UK’s electric vehicle revolution.

Alongside the acquisition, Turntide Technologies has announced the launch of its new UK arm, Turntide Transport, a division focused on modernising intelligent motor systems throughout the commercial transportation industry.

Mathys & Squire has worked closely with BorgWarner and Hyperdrive for a number of years, supporting their IP strategies as both firms have rapidly grown and developed. We are delighted to hear news of this exciting next step and extend our congratulations to both companies, which – through their innovative work and tenacity – are leading the way in the electric vehicle sector.