Anaphite

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Anaphite raises £4.1M for its graphene technology used by EV batteries

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Anaphite, Elbow Beach Capital


A Bristol-based graphene technology pioneer, Anaphite raised £4.1 million in seed funding. The investment round was led by Elbow Beach Capital, which invested £1.5 million and backed Munro and WASE. The rest of the investment came from Wealth Club, Blue Wire Capital, Oxford Investment Opportunity Network, Zero Carbon Capital, Silicon Roundabout Ventures, and Deeptech Labs.

The proceeds of this round will be used to open licence negotiations with a material supplier or cell manufacturer, build a materials demonstration reactor with a 100kg/day production volume, test potential niche applications for Anaphite’s technology, and complete a 10m roll-to-roll coating line demonstrating Anaphite’s novel low energy battery production process by the end of 2023. Anaphite aims for its technology to be used in commercial EV production by 2028.

Read more at TFN