Cambridge, UK-based Echion Technologies, a company that develops superfast-charging Lithium-Ion batteries, announced that it raised £10M (approx €11.68M) in its Series A round of funding.
Investors
The round was led by CBMM – a supplier of niobium products, and BGF – the UK & Ireland’s investor of equity capital in growth economy companies. Additionally, University of Cambridge, Origin Capital, and other existing investors also participated in this round.