About Echion Technologies
Echion Technologies is a company based in Cambridge (United Kingdom) founded in 2017 by Jean De La Verpilliere and Alex Groombridge.. Echion Technologies has raised $66.65 million across 10 funding rounds from investors including Barclays, CBMM and Newable. The company has 41 employees as of March 31, 2024. Echion Technologies offers products and services including XNO® and Demonstrator Cells. Echion Technologies operates in a competitive market with competitors including Group14 Technologies, Novonix, Addionics, NanoGraf and Sepion Technologies, among others.
- Headquarter Cambridge, United Kingdom
- Employees 41 as on 31 Mar, 2024
- Founders Jean De La Verpilliere, Alex Groombridge
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Echion Technologies Ltd
- Date of Incorporation 21 Mar, 2017
- Jurisdiction SAWSTON, CAMBRIDGESHIRE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66.65 M (USD)
in 10 rounds
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Latest Funding Round
$12.54 M (USD), Series B
Nov 14, 2024
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Investors
Barclays
& 10 more
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Employee Count
41
as on Mar 31, 2024
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Products & Services of Echion Technologies
Echion Technologies offers a comprehensive portfolio of products and services, including XNO® and Demonstrator Cells. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables fast charging and long cycle life in lithium-ion batteries
Provided for evaluation to manufacturers and OEMs
Unlock access to complete
Funding Insights of Echion Technologies
Echion Technologies has successfully raised a total of $66.65M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $12.54 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $12.5M
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First Round
First Round
(01 Jun 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Echion Technologies | Valuation | Barclays , BGF |
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| Jun, 2024 | Amount | Series B - Echion Technologies | Valuation | Volta | |
| Dec, 2023 | Amount | Grant - Echion Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Echion Technologies
Echion Technologies has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Barclays, CBMM and Newable. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in energy storage technologies is facilitated by Volta.
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Founded Year | Domain | Location | |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Early-stage technology investments are managed by Origin Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Echion Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Echion Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Echion Technologies Comparisons
Competitors of Echion Technologies
Echion Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Group14 Technologies, Novonix, Addionics, NanoGraf and Sepion Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of advanced silicon battery for clean energy solutions
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| domain | founded_year | HQ Location |
High-precision battery testing systems for Li-ion cells are developed.
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| domain | founded_year | HQ Location |
3D architecture rechargeable batteries are developed for electric vehicles.
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| domain | founded_year | HQ Location |
Silicon-based anode materials for lithium batteries are developed.
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| domain | founded_year | HQ Location |
Manufacturer of batteries
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Echion Technologies
Frequently Asked Questions about Echion Technologies
When was Echion Technologies founded?
Echion Technologies was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Echion Technologies located?
Echion Technologies is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Who is the current CEO of Echion Technologies?
Jean De La Verpilliere is the current CEO of Echion Technologies. They have also founded this company.
Is Echion Technologies a funded company?
Echion Technologies is a funded company, having raised a total of $66.65M across 10 funding rounds to date.
How many employees does Echion Technologies have?
As of Mar 31, 2024, the latest employee count at Echion Technologies is 41.
What does Echion Technologies do?
Echion Technologies was founded in 2017 in Cambridge, United Kingdom. Operations focus on the production of electrodes for lithium-ion batteries, primarily for electric vehicle applications. Drop-in technology is employed in material manufacturing to achieve higher energy densities and faster charging rates. The company operates within the advanced battery materials sector, supporting energy storage solutions.
Who are the top competitors of Echion Technologies?
Echion Technologies's top competitors include Group14 Technologies, NanoGraf and Sepion Technologies.
What products or services does Echion Technologies offer?
Echion Technologies offers XNO® and Demonstrator Cells.
Who are Echion Technologies's investors?
Echion Technologies has 11 investors. Key investors include Barclays, CBMM, Newable, Cambridge Enterprise, and UK Research and Innovation.
What is Echion Technologies's valuation?
The valuation of Echion Technologies is $194.11M as of Nov 2024.
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