Gaussion raises £2.9m in seed funding to establish a London research facility
The UCL spinout secured backing from BGF and UCL Technology Fund to advance its rapid battery charging technology.
Share allotment filed at Companies House
Gaussion develops magnetic charging technology designed to accelerate charging speeds and extend the lifespan of existing lithium-ion batteries without altering their chemistry.
London-based Gaussion has secured £2.9m in a seed funding round led by BGF, alongside participation from the UCL Technology Fund. The university spinout has developed novel magnetic field technology designed to accelerate battery charging times without causing degradation or violating warranties.
The capital will be directed towards establishing a new research and development facility in central London. This infrastructure will support the company as it works to commercialise its patent-pending technology and scale operations for the electric vehicle market.
From the founder
"The electrification of transport will be a big part of society’s journey towards a low carbon economy. That journey must be accomplished without delay, so it is imperative that we identify and remove the biggest barriers to EV adoption as quickly as possible. Range anxiety and long charging times are at the top of the list for attention and Gaussion’s new fast-charge technology promises to remove them"
John Miles
Chair at Gaussion
Investor perspective
"We are extremely excited by the opportunity to invest in a business that has developed an impressive and elegant solution to one of the most pressing issues in the EV battery space. Gaussion is a fantastic example of a highly innovative tech business that has the potential to significantly improve the take up of EVs on a global scale."
Dennis Atkinson
Co-head of early stage, BGF
Use of funds
- 01Fund research and development
- 02Build out infrastructure
