Origin Capital supports a £1.5m investment Into Echion Technologies
Origin Capital has announced that it led a syndicate supporting Echion Technologies in its recent £1.5m round to fund its development of advanced lithium-ion batteries. Echion is a Cambridge University spin-out that is working to produce batteries that will charge at an order of magnitude faster rate as compared to conventional technology, without compromising energy density, safety, cost, ease of manufacture or durability.
Echion will use the proceeds of the round, together with a £600k Innovate UK grant, to take its product from lab-scale to vehicle-ready industrial battery cells within the next eighteen months. It is working in conjunction with leading industrial partners, including Vantage Power, a hybrid bus developer that is also one of Origin’s portfolio investment companies.