Echion Technologies raises $35 million in investment capital

(Reference image by Karolina Grabowska, Pixabay.)

UK- based Echion Technologies, developer of niobium-based, fast-charging battery materials, announced Thursday it has raised $35 million in investment capital. The series B round was led by battery and energy storage technology investor Volta Energy Technologies, with participation from existing investors CBMM, BGF, and Cambridge Enterprise Ventures.

The investment will enable Echion to execute its go-to-market strategy to see its niobium-based XNO anode material used in real world applications, at volume, the company said.