The grant funding from the Advanced Propulsion Centre will support the development of the UK's first major battery cell manufacturing facility.
"This is great news for our plans to construct the UK's premier battery cell Gigaplant in Northumberland. While the overwhelming majority of investment for the project will come from private sources, the ATF's grant funding is very important in proving that the UK Government is confident that we will deliver on our plans, and this will help to generate further private investment. It's a clear indicator of the Government's policy towards electrification of society in the Race to Zero"
The seed round was led by Faber with participation from international venture funds to support clinical trial operations.
"For hundreds of years, treatments have been developed with the assumption they will work for everyone. However, each person is different, and for many severe diseases such as Alzheimer’s, multiple factors can contribute to the effectiveness of a treatment on a given patient."
The seed funding will accelerate commercial partnerships with creators and metaverse platforms.
"Culture and community are what drives music forward. It’s how we connect with where we’ve come from and where we want to go. Condense’s technology is opening up a new platform for these communities and cultures, diversifying the voices in the metaverse by making it live and accessible. It’s got the potential to inspire and empower a new movement of artists and fans. This is both exciting, and significant."
The Series C round was led by Legal & General with participation from existing investors.
"This funding round is a huge milestone for Onto as it sets us off on our journey to Europe. Germany, a nation with an incredible automotive history as Europe’s biggest car-producing country, is a market with huge potential and a great appetite for electric cars. We’re excited to offer something different."
