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Echion Technologies raises £29 million in Series B investment round led by Volta Energy Technologies

PRIVATEJun 13, 2024

Amount Raised

£29 Million

Round Type

Series B

CambridgeManufacturingRenewable Energy

Investors

Cambridge Enterprise VenturesBgfCbmmVolta Energy Technologies

Description

Cambridge-based Echion Technologies has raised £29 million in a Series B investment round. The funding 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.

Who else raised in Renewable Energy and Manufacturing around the same time

Companies in the same sectors as Echion Technologies that raised within 45 days of this round, from Fundz verified event records.

  • ecop raised $9.2M (Grant) on July 26, 2024.
  • Quatt raised $27M (Funding Round) on July 17, 2024.
  • Active Membranes raised $2.3M on July 15, 2024.
  • 44.01 raised $37M (Series A) on July 15, 2024.
  • BTRY raised $165K (Seed) on July 15, 2024.
  • Naked Energy raised $22M (Series B) on July 15, 2024.

Who to call at Echion Technologies, and when

A new round usually means Echion Technologies is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Echion Technologies

Location

Cambridge, England, United Kingdom

About

Echion Technologies Ltd is a Cambridge (UK)-based spin-out company from the University of Cambridge with expertise on high power anode materials for Li-ion batteries. Ground-breaking multi-disciplinary research lead to the development of new battery materials whose manufacture can be easily scaled to industrial levels. These foundations enabled us to become a world-leading innovator in commercial battery electrode materials.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Echion Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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