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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
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
The funding round was co-led by BGF and AlbionVC to support commercial deployment of its magnetic charging systems.
"The race everyone's watching is about computer chips — but the real prize is the battery. The battery decides whether the giant computers behind AI can keep running. Whether a drone can stay in the sky. Whether a satellite survives out in space. Every battery faces a physics ceiling, and we move that ceiling,"
The $1bn valuation round was led by Symbotic to support the development of fast-charging power solutions for autonomous systems.
"Nyobolt is enabling the always-on, always-moving infrastructure that physical AI demands. The enterprises deploying autonomous systems at scale can’t afford downtime, swap time, or power flickers. Our technology delivers a powerful trifecta: improved performance, exceptional durability, and a more sustainable operation, enabling a new generation of machines to run harder and smarter."
The funding was awarded through the DRIVE35 Scale-Up Fund to build the ACT3 facility in Plymouth.
The funding will support the Sheffield spinout in moving its porous silicon anode technology from the laboratory toward commercial deployment.
"Our focus from day one has been on building a new type of silicon battery material that can be produced at scale and integrated into existing battery supply chains. This investment allows us to move beyond proof-of-concept and concentrate on scaling a product that delivers real commercial value to battery manufacturers, without introducing unnecessary cost or complexity."
