Barclays Sustainable Impact Capital
Assembly Line
Echion Technologies lands £10M: How this startup brought sustainable fast-charging tech to life from labs
UK-based Echion Technologies, which develops niobium-based, fast-charging battery materials, has landed £10 million in funding. The investment came from Barclays Sustainable Impact Capital, which backed Sustainable Ventures, and existing investor BGF, which recently backed Twenty7tec and ForeFront RF.
This round follows the $35 million investment it secured a few months back. This funding will enable Echion to accelerate the speed at which its network of partnered cell manufacturers can produce commercially available cells that utilise its innovative niobium-based XNO® anode material. It will also support Echion’s growth in key markets by providing additional resources to connect cell manufacturers with industrial original equipment manufacturers (OEMs). This will see XNO® utilised in more real-world applications, at volume, soon.
Echion’s XNO® anode material enables lithium-ion (Li-ion) batteries to fast charge in under 10 minutes while maintaining high energy density and delivering over 10,000 charge cycles. XNO® is based on proprietary mixed niobium oxide compositions and microparticle designs protected by 13 international patent families. It delivers lithium-ion battery performance highly suited for industrial, commercial, and high-value applications that demand the highest up-time, lowest total cost of ownership, and highest safety.