Adrian JohnsonTLDR:
Today, Bristol battery tech company, Anaphite, raised £1.6 million for their proprietary dry coating battery technology. This funding will help accelerate the development of their technology, which aims to produce more sustainable, faster charging, and lower-cost batteries for electric vehicles.
Article Summary:
Anaphite, a Bristol-based battery technology company, recently secured £1.6 million in funding for their unique chemistry-based approach to manufacturing batteries. The funding includes a £685k grant from the Investor Partnerships Future Economy program, as well as investments from private investors like Elbow Beach Capital, Wealth Club, Bristol Private Equity Club, and angel investors.
Anaphite’s proprietary process involves producing fully formulated ‘Dry Coating Precursor powders’ that allow for a more sustainable and energy-efficient battery manufacturing process. By transitioning to dry processes, Anaphite aims to reduce the cost of battery cell manufacturing by up to 40%, making electric vehicles more accessible and accelerating their adoption.
The company’s technology, which eliminates the need for cathode drying ovens and harmful solvents, has the potential to significantly reduce the carbon footprint of battery production. Anaphite has also partnered with Innovate UK’s Faraday Battery Challenge to further develop their dry-coating technology and improve the efficiency of EV battery manufacturing.
Overall, Anaphite’s innovative approach to battery manufacturing has the potential to revolutionize the EV industry by making batteries more sustainable, cost-effective, and efficient.
