Anaphite Secures £4.1 Million Seed Funding to Accelerate EV Battery Development

Anaphite, a Bristol-based graphene technology company, has raised £4.1 million in seed funding

The round was led by Elbow Beach Capital, which invested £1.5 million

Other investors include Wealth Club, Blue Wire Capital, Oxford Investment Opportunity Network, Zero Carbon Capital, Silicon Roundabout Ventures, and Deeptech Labs

Anaphite will use the funds to license negotiations with a material supplier or cell manufacturer, build a materials demonstration reactor, test niche applications for its technology, and complete a 10m roll-to-roll coating line by the end of 2023

The company aims to have its technology used in commercial EV production by 2028.