Bristol, UK-based Anaphite, a company that has developed technology to incorporate graphene into next-generation lithium-ion batteries, announced on Friday that it has raised £4.1 million (approximately €4.84 million) in a funding round Seed.
The investment was led by Elbow Beach Capital, with participation from Silicon Roundabout Ventures, Wealth Club, Blue Wire Capital, OION, Zero Carbon Capital and Deeptech Labs.
With this agreement, Jon Pollock has joined Anaphite’s Board of Directors. Pollock says: “The advancement of lithium-ion battery technology is a crucial part of the green energy transition, and Anaphite’s technology has the potential to accelerate the already rapidly growing EV market.”
Anaphite says it will use the proceeds to open license negotiations with a material supplier or cell manufacturer and to build a materials demonstration reactor with a production volume of 100 kg/day.
In a statement, Anaphite reports that by the end of 2023, it will test potential markets for its technology, such as e-bikes and drones, validate the battery prototype with an OEM, and build a line of flip wear of 10 meters. showing the method of manufacturing low energy batteries. The company aims to have its technology used in commercial production of electric vehicles by 2028.
Alexander Hewitt, COO and co-founder of Anaphite, says: “I truly believe we are in a great position to make a significant impact in the fight against climate change by accelerating the mass adoption of EVs with our graphene-based technology. fast charging”.
In the next phase of growth, Joe Stevenson, who will begin working with Anaphite as CEO in September, will oversee the organization’s expansion. Stevenson, who most recently served as Commercial Director for Arcola Energy and Ballard Motive Solutions, has over 20 years of technical and business industry expertise. His last position at Johnson Matthey was Director of Corporate Strategy.
Powering the sustainable energy revolution
Founded in 2018 by Sam Burrow and Alex Hewitt, Anaphite aims to accelerate the mass adoption of battery electric vehicles by developing and licensing technologies that enable faster charging, increased range and lower cost batteries.
The company claims to be developing a self-assembly technology to produce graphene-enhanced cathodes and coating techniques for EV batteries, particularly Li-ion batteries.
There will be a growing demand for reliable and affordable EVs, driven by the upcoming ban on all new sales of petrol and diesel vehicles in the UK, Europe and the US in 2035. By 2050, it is predicted that more than half of all vehicles in the UK will be electric.
Discovered in 2004, graphene is a special substance with a number of desirable qualities, including high electrical and thermal conductivity and significant strength. While graphene can be useful on its own, its capabilities are fully realized when combined with other substances. Anaphite’s technology incorporates graphene into battery materials through an inexpensive, scalable process that fits directly into existing cell production lines.
Anaphite, which is focused on improving lithium-ion batteries for the automotive sector, says that batteries account for roughly over 30 percent of an EV’s expenses, and Anaphite’s technology could reduce those prices by about 10 percent. With this technique, the company can potentially reduce charging time by 50 percent, while simultaneously increasing battery capacity and charging rate.
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