SubSea Craft Makes 40% Investment in LORILLION
SubSea Craft has completed an investment for a 40% equity interest in LORILLION to strengthen the UK's sovereign capability to design, industrialize and manufacture specialist battery systems for defense, marine and automotive sectors.
Building on an existing technical relationship between the two companies, the investment combines LORILLION's battery engineering with Subsea Craft's maritime platforms. The agreement will advance UK technology, manufacturing capability and supply-chain resilience.
The partnership is particularly important to the development of VICTA, SubSea Craft's advanced dual domain maritime platform, intended to provide global special operations forces with a new generation of covert maritime insertion. Through the investment, SubSea Craft will gain closer control over a critical element of the platform's performance and supply chain while retaining the ability to adapt the system as technology and customer requirements evolve.