The London-based University College London spin-out secured backing from Autotech Ventures, UCL Technology Fund, and BGF to fund its commercial market entry.
"In many applications, we are observing that efforts to rapidly electrify are delayed or blocked due to the cost of raising the ceiling of battery performance,"
Helen Ventures led the seed round with participation from international investors to fund European expansion and product development.
"It is our privilege to join the Renewabl team in their impressive growth story. Consuming clean electricity that matches on an hourly or 15-minute basis is fast becoming an imperative for net-zero-aligned companies – with good reason – whereas tracking and procuring this energy is a challenge,"
— Mikael Myllymäki, Vice President and Head of Helen Ventures
The financing round was backed by strategic e-mobility funds to accelerate the development of sodium battery technology.
"On behalf of our entire team, I am delighted to announce the completion of this pre-seed fund raise and would like to thank our expert strategic investors for their vision and full support. Our quasi-solid-state sodium battery offers significant cost, sustainability, and safety benefits for the BEV industry. TaiSan’s novel electrolyte and anode innovations will bring this chemistry to the next level – batteries becoming smaller, lighter, with best-in-class energy density, and major cost savings too. Our new investment will allow us to ramp-up development and we will be announcing some game-changing results in the very near future. Watch this space."