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Renewables energy market creator UrbanChain to relocate HQ as it launches multi-million pound fundraise

UrbanChain is behind the only renewable energy market, the P2P (peer-to-peer) Exchange

UrbanChain is to relocate to Base in the summer

A company which created an energy market for renewables is to relocate to a new £21m headquarters this summer.

UrbanChain will move to the 91,000 sq ft Base at Manchester Science Park to join computer engineering, robotics, light manufacturing, materials science, gaming and animation businesses.

The move comes as UrbanChain is undergoing a Series A fundraising campaign which it hopes to secure between £5m and £7m.

READ MORE: 'Energy is being changed into a luxury': UrbanChain boss on green washing, creating jobs and going global

Chief executive Somayeh Taheri said: "We are delighted to be taking these next steps in our journey.

"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.

"After UrbanChain was founded in 2017 we went on to win all 30 competitions that we entered which was a non-traditional way of fundraising an early stage business.

"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."