Urbanchain readies for Manchester office move
The company behind a platform for buying and selling renewable energy is relocating across Bruntwood SciTech’s Manchester Science Park, having signed a three-year lease on space within the developer’s Base.
Urbanchain, which is actively seeking up to £7m of investment to scale up, is currently based at Greenheys Building.
Its move to the £21m Base, which is nearing completion, will see the company join computer engineering, robotics, light manufacturing, materials science, gaming and animation businesses within the building.
Urbanchain plans to relocate this summer.
Dr Somayeh Taheri, chief executive of UrbanChain, said: “Base aligns with us as a company and is of course on the Oxford Road Corridor, one of the top five innovation districts in Europe.
“We are in dialogue with a number of investors at present as we continue to embark on a Series A fundraiser which will enable us to implement our growth strategy.”
UrbanChain is behind P2P Exchange, a renewable energy market that allows consumers to buy and trade energy through the use of Blockchain and AI.
Taheri added: “UrbanChain’s P2P green energy exchange model enables consumers to place an exact order for electricity and for generators to meet that order. They buy and sell green energy amongst themselves in an alternative, safe and unique energy market.
“Rising energy bills are playing a significant role in the cost-of-living crisis. And the UK’s complex energy market model has for too long remained the same.”
Designed by Bridge Architects, Base is being built by Caddick Construction. The scheme is supported by a £15.5m loan from the North West Evergreen Fund.
