Bristol-based battery startup Anaphite secures £1.2m investment
Investors in this round: Zero Carbon Capital, Bristol Private Equity Club, Syndicate Room
Anaphite, a bristol-based startup, developing innovative techniques for incorporating graphene into Li-ion batteries has raised £1.2m in funding from Zero Carbon Capital, Bristol Private Equity Club, Syndicate Room and several angels.
Zero Carbon Capital led the round with a £300k investment alongside nearly £500k from BPEC (their largest investment to date). The money will be used to further develop and commercialise Anaphite’s innovations which will reduce the cost and charging time of EV batteries, removing two of the key purchase barriers for Electric Vehicles and speeding the transition of the transportation sector toward zero-emissions. Passenger cars alone account for more than 3Gt CO2e emissions per year, 6% of our global total.
Pippa Gawley, founder and managing director of Zero Carbon Capital, said: “Adoption of electric vehicles is a key part of the critical journey to net-zero emissions. Anaphite’s innovative technology will reduce the cost and charging time of EV batteries, removing two of the key purchase barriers. Sam and Alex are amazing scientists working in a deeply technical area and we’re excited to be partners on their journey toward commercialisation.”
Moreover, Anaphite’s approach will integrate easily with existing Li-ion production processes to enable fast roll-out and significant scale
Our production process is inherently scalable to the levels required to make a real dent in this rapidly growing industry, hopefully increasing our chances in the ongoing battle with climate change. Alex Hewitt, founder Anaphite
Jerry Barnes, founder of Bristol Private Equity Club, said: “We supported a previous project of Anaphite involving graphene and we are pleased to have made another big investment in what is a very exciting science-led contribution to the way we all travel in the future.