£2.5M
The pre-seed round was led by Transition with backing from Seedcamp and Neptunia.
Transition + 2 others
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
217
Total raised
£2.8B
disclosed amounts
This month
£3.5M
raised so far
The pre-seed round was led by Transition with backing from Seedcamp and Neptunia.
The round was co-led by IQ Capital and Plural to support team expansion and pilot manufacturing.
"The promise of lithium-sulfur batteries has been envisaged for decades but until now it has not been possible to realise this potential because of the inherent chemistry challenges of working with sulfur. By utilising MoS2 we have achieved a groundbreaking milestone in battery technology innovation and are on track to bring this new battery chemistry to the market, creating batteries that will end range anxiety. We have an unrivalled founding team, which between us has years of commercial and research experience, along with insightful advisers and world-leading investors. Now we have the right backing to go forward and disrupt the industry for the better."
The funding round was backed by Barclays Sustainable Impact Capital and existing investor BGF.
"This investment by Barclays and BGF is strong recognition of the value delivered by XNO®. By utilising XNO®, cell manufacturers can deliver the most-innovative, sustainable, and high performing batteries to facilitate the effective electrification of heavy-duty vehicles. It is gratifying to have some of the world’s leading investors support our ambitions and cement their belief in XNO® by investing significant capital. Their investment will enable us to take the next major step forward in our fast-moving company journey."
Tewke closed an oversubscribed seed round to accelerate the development and market rollout of its home energy optimisation platform.
"There have been small movements towards adopting more energy efficient systems, and smart-home technologies, but there has always been a lack of a fully integrated system that can autonomously automate energy savings, and Tewke is changing that. Often energy savings are associated with some kind of compromise, but at Tewke we are building a platform that will elevate people’s homes, making them more environmentally friendly, intuitive and secure."
The strategic equity investment and credit facilities will scale the deployment of cold chain solutions in emerging markets.