Urban Volt raises €1.5 million from BMS Finance

Kevin Maughan, chief executive of UrbanVolt Pic: Fearghal Phillips

Urban Volt, an energy-saving lighting company whose backers include Ireland rugby international Jamie Heaslip, has raised €1.5 million for its next expansion.

The finance has been provided by the British small and medium business funder BMS Finance, which is increasing its Irish focus.

Set up in 2015, Urban Volt funds, fits and maintains LED lighting for commercial operations in their manufacturing plants, warehouses, car parks and offices.

It makes its money by sharing ...