Lyte Drive Ltd, a Dorset-based innovator in marine propulsion technology, has successfully secured funding from Innovate UK's Marine and Maritime Launchpad initiative. This prestigious award supports groundbreaking innovation aimed at transforming marine propulsion through advanced electric jet drive technology.

Lyte Drive Ltd is dedicated to pioneering electric marine propulsion technology, focusing on significantly reducing environmental impacts through advanced, sustainable propulsion solutions.

The company has developed LyteDrive, a revolutionary electric propulsion system designed to significantly reduce emissions, noise pollution, and operational costs in marine transport. LyteDrive represents a major step forward, providing a sustainable and efficient alternative to traditional marine engines.

Charles Hall, Founder of Lyte Drive Ltd, commented, "Securing Innovate UK's Marine and Maritime Launchpad funding is a tremendous milestone for us. It enables us to accelerate our technology development and bring our sustainable solutions closer to market. This funding reflects recognition of our commitment to innovation and sustainability in marine propulsion."

Lyte Drive Ltd continues to establish Dorset as a leading region for marine technology innovation, contributing positively to local economic growth and environmental sustainability.

Lyte Drive Ltd attended the Dorset LEP Business Marine & Maritime Launchpad Round 2 event in May 2024.

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