Echion Technologies, a Cambridge, UK-based supplier of niobium-based anode materials, received further £10M in funding.
The round was led by Barclays Sustainable Impact Capital and existing investor BGF.
The company intends to use the funds to accelerate the speed at which its network of partnered cell manufacturers is able to produce commercially available cells which utilise its niobium-based XNO® anode material.
Led by CEO Jean de La Verpilliere, Echion Technologies supplies its niobium-based anode material, XNO®, to cell manufacturers looking to build lithium-ion batteries with safety, cycle-life, and fast-charging capabilities. Batteries empowered by XNO® can charge safely in less than 10 minutes, achieve high energy densities and a cycle life of more than 10,000 cycles.
Applications powered by XNO® include battery electric and hybrid trains, mining haul trucks, electric buses, heavy-duty industrial transport and delivery vehicles.
In November, Echion opened a niobium-based anode production facility, capable of producing 2000 t/year of XNO®, equivalent to 1 GWh of Li-ion cells.
FinSMEs
21/11/2024