Echion Technologies secures £29m Series B investment led by Volta Energy Technologies to scale battery materials production.
The funding round was led by Volta Energy Technologies with backing from CBMM, BGF, and Cambridge Enterprise Ventures.
Echion Technologies develops advanced niobium anode materials designed to improve the performance, charge speed, and safety of lithium-ion batteries.
Echion Technologies has secured £29m in a Series B funding round led by Volta Energy Technologies, with participation from existing backers CBMM, BGF, and Cambridge Enterprise Ventures. The capital will support the company in executing its go-to-market strategy and scaling commercial production of its proprietary XNO anode material. The financing marks Volta Energy Technologies' first investment in a European-headquartered company, underscoring Echion's growing prominence in the international energy storage sector.
From the founder
"Our ambition is to deliver the best fast-charging batteries to unlock the electrification of heavy-duty vehicles. The investment from our partners Volta Energy Technologies, CBMM, BGF and Cambridge Enterprise Ventures cements our ambition to achieve full-scale commercialisation and full production volume."
Jean de La Verpilliere
Chief Executive Officer at Echion Technologies
Investor perspective
"Having invested in Echion since 2021, we are pleased to see the progress that has been made through our partnership so far and we are proud to support bringing this ground-breaking, niobium-based technology to the market with our 2,000 tonne per year manufacturing capacity."
Rodrigo Barjas Amado
Managing Partner and Commercial Head of Battery Program, CBMM
Use of funds
- 01Accelerate go-to-market
Investors
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About the company
Echion Technologies
Echion Technologies develops niobium anode materials for lithium-ion batteries.