Boundary Capital invests in a singular battery know-how in the UK
London – November 21, 2018 – Boundary Capital has introduced its newest funding in Echion Applied sciences Restricted, a enterprise that has the potential to displace the electrical car battery market at a cost.
Echion Applied sciences is a spinout firm of the Engineering Division of the College of Cambridge that markets super-fast lithium-ion battery cells for electrical automobiles. The core know-how relies on a brand new energetic materials that enables a protected and quick charging of the battery with out compromising the vitality density or the price of the battery.
Echion Applied sciences not too long ago raised an preliminary financing spherical of £ 1.5 million, with an extra grant of £ 600,000 from Innovate UK, and now goals to exhibit vehicle-ready battery cells throughout the subsequent 18 months. The corporate works with a powerful community of companions to deliver its know-how to market and goals to develop into a key participant within the increase of superior battery supplies.
Dr. Richard Leaver, Boundary Capital Associate who manages this funding says: "The marketplace for lithium-ion electrical car batteries is of world significance because it offers a radical change in overland journey. We’re thrilled to put money into a know-how that has such a disruptive potential and with such a proficient staff. "
About Boundary Capital Companions
Boundary Capital Companions (http://www.boundarycapital.com/) is a enterprise capital agency that provides Venturers joint ventures which might be all co-investors of skilled executives to assist foster enterprise and enterprise.
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