Echion Technologies, Cambridge, UK, Is Pleased To Announce Completion Of £10M Series-A Funding Round

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." Richard Pugh, Investor at BGF, who joins the Board of Echion...

CAMBRIDGE, England, 24/08/2021 (informazione.news - comunicati stampa - energia)

 

This increases BGF's investment in companies engaged in carbon reduction and the energy transition to £230m, and comes shortly after the announcement of a Clean Growth Advisory Board chaired by Baroness Brown of Cambridge. 

Echion's materials have been successfully evaluated by major battery cell and battery materials manufacturers around the world, who are now moving forward to larger scale trials. This financing will allow Echion to scale-up to multi-tonne level material production, demonstrating high-yield, cost effective manufacturability as well as to supply the growing demand for material for pre-production trials.

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The funds will also be used to strengthen customer support, commercial and R&D operations.

 

Echion is keen to hear from other cell or battery material manufacturers who also wish to evaluate its products.

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Echion is a world-leading developer of advanced lithium-ion battery materials, whose products enable cell manufacturers to deliver cost-effective, fast-charging, high-energy density and long-life power cells for a wide range of markets including automotive, transportation, premium consumer electronics, and grid-storage applications.

Echion provides materials and battery cell manufacturers with packages of protected intellectual property, customisation options, materials synthesis and cell integration know-how and for different end-user markets.

See: www.echiontech.com

World leader in the production and commercialization of Niobium products, CBMM has more than 400 customers in 40 countries. Headquartered in Brazil , with offices and subsidiaries in China , the Netherlands , Singapore , Switzerland and the United States , the company supplies products and technology to the infrastructure, mobility, aerospace and energy sectors. Founded in 1955, in Araxá, Minas Gerais, CBMM has a technology program that expands Niobium applications and contributes to the growth and diversification of this market.

See: www.cbmm.com/products

BGF was set up in 2011 and has invested over £2.5bn in more than 400 companies, making it the most active growth capital investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2020, Australia did the same, both based on BGF's approach and funding model.

See: www.bgf.co.uk.

Part of the University of Cambridge , Cambridge Enterprise supports academics, researchers, staff, and students in achieving knowledge transfer and research impact.

We facilitate knowledge transfer by helping innovators, experts, and entrepreneurs to use commercial avenues to develop their ideas and expertise for the benefit of society, the economy, themselves, and the University.

Liaising with organisations both locally and globally, we offer expert advice and support in commercialisation and social enterprise, including help with academic consultancy services; the protection, development, and licensing of ideas; new company and social enterprise creation and seed funding.

See: www.enterprise.cam.ac.uk

Photo - https://mma.prnewswire.com/media/1600336/Echion_Technologies_co_founders.jpg

Ben Ting
Ben.Ting@echiontech.com