TaiSan secures £4.7m in seed funding to advance sodium-ion battery development for e-bikes and scooters
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
TaiSan is a Cambridge-based startup developing solid-state sodium-ion batteries for smaller electric transport and power tools.
TaiSan has raised £4.7m in seed funding to develop solid-state sodium-ion batteries targeted at e-bikes, scooters, and power tools. The financing was led jointly by Eos Advisory and Mercia Ventures through the Midlands Engine Investment Fund II, alongside a grant from Innovate UK and participation from ten total investors. The company intends to direct the capital toward pilot manufacturing tests and facility expansion from Cambridge to Coventry.
Founded in 2022 by Sanzhar Taizhan, TaiSan has pivoted its strategic focus away from battery electric vehicles toward micro-mobility applications. The shift coincides with broader sector headwinds, including the recent collapse of US rival Natron Energy and the earlier acquisition of Faradion. With this latest injection, the startup's total funding reaches approximately £6m.
From the founder
"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"
Sanzhar Taizhan
Founder at TaiSan
Investor perspective
"seeking alternative technologies with a more reliable supply chain"
Shubham Jaipuria
Investment Manager, Mercia
Use of funds
- 01Scale operations
- 02Build out infrastructure
Investors
Andrew Durkie
Eos Advisory
Shubham Jaipuria
Mercia
Midlands Engine Investment Fund II
InnoEnergy
TSP Ventures
AFI Ventures
EverQuest Capital Partners
Adeline Arts & Science
Techmind
Exergon
Heartfelt
Innovate UK