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."
The Surrey-based accessories brand completed its debut equity crowdfunding campaign to support upcoming expansion plans.
"Our success to date is a testament to our loyal customer base and dedicated brand advocates. Their unwavering support and passion for our products have been invaluable. We are excited to offer our customers and supporters the opportunity to join our community of investors and own a part of the business, giving back to the incredible community that has helped us thrive."
The funding round was facilitated by Mercia Ventures and marks the first deal from the Midlands Engine Investment Fund II.
"Unlike vehicle assembly, where processes are repeatable, with aircraft the need for lightweight components and high precision means that no two operations are the same. For this reason automation has so far proved too difficult or too costly. Our robot guidance systems overcome these challenges. The investment from the Midlands Engine Investment Fund II will enable us to consolidate our position and start work on the next generation of products to ensure we maintain our position as thought leaders in the industry."
The oversubscribed round was supported by AI expert Daniel Hulme and Stakeholderz.
"It has been fantastic working with Educational Intelligence, and we are so pleased to see them successfully close this round. A huge congratulations to Mike and Cathal – we will keep our investment community in close touch with how EI develops."
The seed round was backed by angel investors including Craig Pollard.
"If you understand the interests of your customers and the best methods to communicate with them through those interests, combined with a pinpoint understanding of exactly which partnerships your marketing budget will allow you to create and which of those opportunities mirror the beliefs that you as a business want to project to the world, then you have the foundations of successful sponsorship."
