FluoRok, an Oxford, UK-based startup developing luorochemical reagents and battery electrolyte salts, raised £7.7M in funding.
The round was led by BGF, Green Generation Fund, with participation from Volta Energy Technologies, Excellis Holding and angels.
The company intends to use the funds to support team growth and expansion of its production facilities for the initial supply of its fluorinating reagents and lithium hexafluorophosphate (LiPF6), a key component of lithium-ion batteries.
Led by Dr Gabriele Pupo, CEO and Founder, FluoRok is focused on fluorochemical manufacturing and licensing. It develops novel and transformational technologies to access fluorochemicals in an efficient, safe and sustainable way. Spun-out of the University of Oxford in 2022, its team has experience in fluorination chemistry, and extensive manufacturing, commercial and business development expertise. Its proprietary technology directly employs fluorinated waste or naturally occurring fluorite mineral as raw material, to access high value fluorochemicals that are key to the world’s energy transition, our global food supply, and our health.
Its solution reduces energy requirements, lowers CO2 emissions, enables reshoring of manufacturing due to intrinsic process safety and introduces for the first time the circular economy in fluorochemical production.
FinSMEs
23/09/2024