Echion Technologies, a pioneering startup, has secured a $10 million investment from Barclays UK Sustainable Impact Capital (SIC) and existing investor BGF. This funding will accelerate the commercialization of Echion’s groundbreaking niobium-based XNO™ anode material, which enables lithium-ion batteries to charge in less than ten minutes while maintaining high energy densities and a cycle life of over 10,000 cycles.
The XNO™ technology is specifically designed for heavy-duty industrial, commercial, and mass-transport vehicles, offering a sustainable solution to the challenges of electrification. Echion’s partnership with CBMM, the world’s leading niobium producer, ensures robust supply chain support for mass production.
This investment marks a significant milestone for Echion Technologies, as it aims to meet the growing demand for high-performance, fast-charging batteries in key markets. The company’s innovative approach to battery technology is set to play a crucial role in decarbonizing heavy-duty transport and promoting sustainable energy solutions.
#SustainableEnergy #FastCharging #BatteryTechnology #EchionTechnologies #GreenTech #Investment #Innovation #Decarbonization #SustainableFuture | Jean de La Verpilliere | Alex Groombridge | John Halfpenny | Ceri Neal | Benjamin Ting | Sarah Stevenson
