Echion Technologies Secures £29 Million for Fast-Charging Batteries
Based in Cambridge, UK, Echion Technologies, the world's leading developer of niobium-based, fast-charging battery materials, has successfully completed its Series B funding round by raising £29 million in investment capital. The round was led by specialist battery and energy storage technology investor Volta Energy Technologies, with participation from existing investors CBMM, BGF, and Cambridge Enterprise Ventures. This investment will enable Echion to execute its go-to-market strategy and see its innovative niobium-based XNO® anode material utilized in real-world applications at volume.
Echion's partnership with CBMM, the leading producer of niobium, will result in the opening of a 2,000-tonne per year XNO® manufacturing facility this year.
This manufacturing capacity will allow Echion to meet the growing demand for XNO® across its global customer base, which includes major cell manufacturers and OEMs. The CEO of Echion Technologies, Jean de La Verpilliere, expressed ambition in delivering fast-charging batteries to unlock the electrification of heavy-duty vehicles with the support of partners like Volta Energy Technologies, CBMM, BGF, and Cambridge Enterprise Ventures.
Innovation and collaboration are at the core of Echion's approach to battery technology. With their patented XNO® anode material, the company is paving the way for high-performance lithium-ion batteries that cater to industrial, commercial, and high-value applications. Echion's XNO® materials enable quick and safe charging, high energy densities, and longevity across more than 10,000 cycles. The scalability of this technology positions Echion as a key player in decarbonizing heavy transport and revolutionizing energy storage globally.
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