University of Cambridge has taken part in a $13.9m series A round for its spinout Echion Technologies.
Echion Technologies, a UK-based developer of materials for lithium-ion batteries based on research at University of Cambridge, has raised £10m ($13.9m) in a series A round backed by the institution.
Niobium products supplier CBMM and BGF co-led the round, which additionally included Origin Capital and unnamed existing backers.
Echion Technologies is working on materials that combine fast-charging capability, cost efficiency and high energy density for lithium-ion batteries.
The money will allow Echion to scale its production to…
