The £1.4 million investment round will enable the battery startup to apply its dry-coating technology, already proven on NMC cathodes, to solve the complex challenges of dry-coating LFP cathodes and graphite anodes and offer a cleaner, more efficient alternative, with lower energy usage.
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The startup has developed the MIX design platform trained on proprietary datasets leverages “the world’s most advanced AI algorithms” to accelerate EV battery development five- to ten-fold like with partner UBCO and launched its first generation of batteries ready for prototype shipment to customers.
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Driven by electric vehicles, Roland Berger says that lithium-ion battery market growth of 30% per year until 2030 creates new supply chain risks, particularly around key materials, and mitigation requires increased vertical integration, supply-chain regionalization, and closed-loop battery recycling.
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