Oxford spinout FluoRok raises $30M Series A led by Orano Venture Fund and Supernova Invest to eliminate hydrofluoric acid from battery and pharmaceutical chemical production.
Amount Raised
$30 Million
Round Type
Series A
OxfordManufacturingBiotechnologyEnergyRenewable EnergyInvestors
Description
FluoRok, an Oxford-based spinout founded in 2022, has closed a $30 million Series A round to scale its hydrogen fluoride-free process for producing battery and pharmaceutical chemicals. Led by Orano Venture Fund and Supernova Invest, the oversubscribed round included participation from Bidra Innovation Ventures and returning investors including Oxford Science Enterprises, BGF, and Green Generation Fund. The funding will support demonstrator facilities, hiring, customer validation, and commercial partnerships, with approximately $1.3 million from Innovate UK grant funding. FluoRok's technology addresses the supply chain challenge of lithium hexafluorophosphate production, which currently relies on toxic hydrogen fluoride and is dominated by Chinese manufacturers.
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