a year ago

Echion Technologies Raises £29M for Niobium-Based Battery Tech

  • Echion Technologies, a Cambridge-based developer of niobium-based, fast-charging battery materials, has raised £29 million in Series B funding led by Volta Energy Technologies

  • The investment will enable Echion to execute its go-to-market strategy for its innovative niobium-based XNO® anode material, which delivers lithium-ion battery performance highly suited for industrial, commercial, and high-value applications

  • Echion's partnership with CBMM will see the opening of a 2,000 tonne per year XNO® manufacturing facility this year.

      • ProblemTechnology

      "Existing battery technologies are slow to charge, have limited capacity at low temperatures, and degrade quickly. This limits the adoption of electric vehicles, particularly in heavy-duty applications."

      Solution

      "Echion Technologies has developed a niobium-based anode material called XNO® that enables fast-charging, high-energy density batteries that can operate efficiently at low temperatures and have a long cycle life. This technology is ideal for electric vehicles, particularly those used in heavy-duty applications."

      Covered on