London-based Gaussion, a magneto-electrochemistry company, has raised €11 million in a Series A funding round led by Autotech Ventures, with support from existing investors BGF and UCL Technology Fund.
The funds will be used to advance Gaussion’s innovative battery charging technology, which leverages an external magnetic field to improve battery performance and extend battery life.
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Founded as a spinoff from University College London (UCL), Gaussion’s technology aims to complement existing battery solutions, offering rapid charging without compromising safety or longevity. This approach holds significant potential for various applications, including transportation electrification, residential energy storage, and utility-scale energy storage.
CEO Tom Heenan, emphasized the importance of this technology in accelerating the transition to electrification by enhancing battery performance across all chemistries and applications. The company is now poised to scale its technology and enter new markets, thanks to the substantial backing from investors.
Autotech Ventures, a venture capital firm focused on solving ground transport challenges, highlighted the potential of Gaussion’s approach to improve established battery technologies without altering their core components, opening up new opportunities in multiple markets.
