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Echion Technologies: Developer and supplier of niobium-based anode materials for lithium-ion batteries, enabling safe fast-charging in heavy-duty applications.
Based in Sawston, near Cambridge, UK, Echion Technologies develops and supplies advanced niobium-based anode materials for lithium-ion batteries utilized across heavy-duty and industrial applications. The company's proprietary materials enable commercial batteries to achieve safe fast-charging in under ten minutes and maintain a long cycle life exceeding 10,000 cycles. Targeting the ongoing electrification of mining vehicles, off-highway equipment, trains, and delivery fleets, the business is currently scaling its manufacturing capacity to produce several thousand tons of material annually. Echion Technologies has raised a total of £39 million in venture capital funding to date, including a £29 million Series B round backed by lead investors CBMM, BGF, Volta Energy Technologies, and InMotion Ventures. The battery materials enterprise was founded in 2017 by Jean de La Verpilliere, Dr. Alex Groombridge, Professor Michael De Volder, and Professor Adam Boies.
Echion Technologies has raised $81.4M across 6 funding rounds.
Echion Technologies has raised $81.4M in total across 6 funding rounds.
Echion Technologies is a Cambridge‑area battery‑materials company that makes a proprietary niobium‑based anode material (XNO®) designed to enable very fast, safe charging, long cycle life and high energy density for lithium‑ion batteries used in heavy‑duty and high‑utilisation applications[5][2].
High‑Level Overview
For the product/company: Echion’s flagship product is XNO®, a mixed niobium‑oxide anode active material that enables batteries to fast‑charge (under ~10 minutes), sustain >10,000 cycles and maintain high energy density and safety compared with legacy fast‑charge chemistries[5][1]. XNO® is sold to cell manufacturers and Echion also supplies demonstration cells for OEM evaluation while supporting partners through development and scale‑up[5][2].
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: Echion is a well‑positioned deep‑tech battery‑materials scale‑up that translated Cambridge research into an industrially produced niobium anode (XNO®) targeting markets where fast charging, long life and safety materially reduce operating costs—its near‑term test is converting demonstrator wins into recurring production contracts and broader OEM adoption[2][5][6].
Echion Technologies has raised $81.4M in total across 6 funding rounds.
Echion Technologies's investors include Barclays, BGF, Business Growth Fund, Excellis, Green Generation Fund, Volta Energy Technologies, CBMM, Parkwalk Advisors.
Echion Technologies has raised $81.4M across 6 funding rounds. Most recently, it raised $13.4M Other Equity in November 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 21, 2024 | $13.4M Other Equity | Barclays, BGF | |
| Nov 1, 2024 | $13.0M Series U | Business Growth Fund, Excellis, Green Generation Fund | |
| Jun 1, 2024 | $37.0M Series B | Volta Energy Technologies | Business Growth Fund, Excellis, Green Generation Fund |
| Aug 1, 2021 | $14.0M Series A | CBMM | Parkwalk Advisors |
| Feb 1, 2020 | $2.0M Series A | Parkwalk Advisors | |
| Nov 1, 2018 | $2.0M Seed | Parkwalk Advisors |