Echion Technologies announces completion of £10m Series A funding round
Echion Technologies, a developer of next generation materials for Lithium-Ion batteries has secured a £16m Series A funding round. Its products deliver a unique combination of fast-charging capability, cost-effectiveness, and high energy density, vital for the world’s shift towards decarbonisation through pervasive electrification.
The Series-A funding round has been led by CBMM – a global supplier of niobium products and funding firm BGF, with the University of Cambridge, Origin Capital and other existing shareholders also taking part.
Richard Pugh, Investor at BGF, who joins the Board of Echion says: “Echion has huge potential to use its cutting-edge battery chemistry technology to accelerate the adoption of batteries in a range of applications. BGF is convinced that batteries will play a critical role in the energy transition and identified that Echion’s technology brings significant benefits in key areas such as fast-charging or high-power applications.
“This funding round will support an exceptional management team in completing the final push to commercial adoption, working in parallel with a range of very high quality stakeholders for instance recent joint projects with global science and chemicals company, Johnson Matthey, and a number of other high profile international customers.”