Battery material developer Echion Technologies has completed a Series A funding round worth £10 million. The round was led by CBMM, BGF, the University of Cambridge, Origin Capital and existing shareholders.
This financing will allow Echion to scale up to multi-ton-level material production, demonstrating high-yield, cost-effective manufacturability, and to supply the growing demand for pre-production trial materials. The funds will also be used to strengthen customer support, commercial and R&D operations.
Echion CEO Jean de La Verpilliere said, “We are excited to start the next stage in our journey to bring the Echion mixed niobium oxide products to market. We look forward to creating value for our partners and contributing to making superfast-charging batteries a reality.”
Source: Echion Technologies