Echion Technologies, a Cambridge-based developer of niobium-based, fast-charging battery materials, has successfully raised its Series B funding round of £29M. The round was led by specialist battery and energy storage technology investor Volta Energy Technologies, with participation from existing investors CBMM, BGF, and Cambridge Enterprise Ventures.
The investment will enable Echion to execute its go-to-market strategy to see its innovative niobium-based XNO® anode material utilised in real world applications, at volume. Echion is Volta’s first investment into a European headquartered company and having Volta as the lead Series B investor highlights Echion as a rising British battery technology business within the global energy storage industry.