About Faradion
Faradion is an Energy & Utilities company based in Sheffield (United Kingdom) founded in 2010 by Jerry Barker and Chris Wright, and was acquired by Reliance Industries in December 2021. It operates as a sodium-ion batteries using silicon materials are developed. It operates in the Energy & Utilities and Transportation, Automotive & Logistics sectors. Faradion has raised $10.14 million across 8 funding rounds from investors including Gov.uk, Haldor Topsoe and Mercia. The company has 20 employees. Its chief executive is James Quinn. Faradion offers products and services including Sodium-Ion Cells and Batteries for Transport. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is FARADION LIMITED. Its competitors include A123 Systems, QuantumScape, Natron Energy, StoreDot and Lohum and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
Faradion was founded in 2010 in Sheffield, United Kingdom. Sodium-ion battery technology is developed, incorporating sodium and silicon for enhanced performance and sustainability. Operations center on creating cost-effective alternatives to conventional batteries, with manufacturing processes that utilize more environmentally friendly materials. The focus remains on advancing energy storage solutions within the clean technology sector, serving applications in renewable energy and mobility.
- Headquarters Sheffield, United Kingdom
- Employees 20
- Founders Jerry Barker, Chris Wright
- Stage Acquired
- SectorsEnergy & UtilitiesTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website faradion.co.uk
- Social LinkedIn X
- Acquired by Reliance Industries (Dec 2021)
- Legal Name Faradion Limited
- Date of Incorporation 06 Aug, 2010
- Jurisdiction SHEFFIELD
- Annual Revenue$659.39 K (USD)-74as on Mar 31, 2022
- Net Profit-$8.96 M (USD)-214as on Mar 31, 2022
- EBITDA-$8.96 M (USD)-197as on Mar 31, 2022
- Total Equity Funding$10.14M (USD)
in 8 rounds
- Latest Funding Round$1.08M (USD), Series B
Jun 2018
- InvestorsGov.uk
& 5 more
- Employee Count20
- Acquired byReliance Industries
(Dec 2021)
Products & Services of Faradion
Faradion offers a comprehensive portfolio of products and services, including Sodium-Ion Cells and Batteries for Transport.
Provides high-performance batteries for energy storage and transport.
Offers drop-in replacements for lead-acid batteries in e-scooters and e-bikes.
Funding Insights of Faradion
Faradion has successfully raised a total of $10.14M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $1.08 million completed in June 2018. 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 $10.14M
- Total Rounds 8
- Last Round Series B — $1.08M
- Investors Count 5
All 8 funding rounds of Faradion with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $1.08M | Series B | – | – | – |
| Jan 2017 | $3.93M | Series B | – | Finance Yorkshire, Haldor Topsoe | – |
| Mar 2016 | $1.8M | Grant | – | – | |
| Dec 2014 | $942,133 | Series A | – | – | |
| Jan 2014 | $2.3M | Series A | – | – | |
| Oct 2012 | $1.37M | Seed | – | – | – |
| May 2011 | $523,015 | Seed | – | – | – |
| Aug 2010 | – | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Faradion
Faradion has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Gov.uk, Haldor Topsoe and Mercia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding is provided to support SME growth in Yorkshire. | – | finance-yorkshire.com | Barnsley, United Kingdom | |
Early and Growth stage Venture Debt firm that does debt investments in the UK | 1982 | evgroup.uk.com | Preston, United Kingdom | |
Catalysts for renewable fuels and green chemicals are supplied. | 2006 | topsoe.com | Lyngby, Denmark | |
Investment management services are provided by Mercia to various clients. | 1982 | mercia.co.uk | - | |
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Diversified conglomerate operating across multiple industries | 1958 | ril.com | Mumbai, India |
Investor details for Faradion
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People of Faradion
4 people are tracked at Faradion (4 in leadership); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
Jerry Barker | Co-Founder | Leadership |
Chris Wright | Co-Founder | Leadership |
James Quinn | CEO | Leadership |
Oliver Birkwood | Chief Financial Officer | Leadership |
Complete people profiles for Faradion
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Faradion
4 dated milestones of Faradion across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Faradion is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $1.1M.
- Exit Acquired by Reliance Industries.
Competitors of Faradion
Faradion has 7 listed competitors in our database, 6 of them funded. They include A123 Systems, QuantumScape, Natron Energy, StoreDot and Lohum, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| a123systems.com | 2001 | Hangzhou, China | $201.26M | 886 | Lithium-ion batteries for automotive and industrial uses are manufactured. | |
| quantumscape.com | 2010 | San Jose, United States | $1B | 850 | Solid-state lithium-metal batteries are manufactured with anode-less cell design. | |
| natron.energy | 2012 | Santa Clara, United States | $374.34M | 173 | Manufacturer of sodium ion batteries and energy storage systems | |
| store-dot.com | 2012 | Herzliya, Israel | $226M | – | Fast-charging lithium batteries for electric vehicles are developed and manufactured. | |
| lohum.com | 2018 | Noida, India | $115.92M | 286 | Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining | |
| verkor.com | 2020 | Grenoble, France | $1.34B | 143 | Lithium-ion batteries are manufactured for electric vehicles and storage. | |
| catl.com | 2011 | Ningde, China | – | – | Comprehensive solutions for electric vehicles and energy storage are provided. |
Detailed competitors of Faradion
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Web traffic of Faradion
The website of Faradion (faradion.co.uk) receives about 8.9K visits a month.
- Monthly visits8.9K
▲ 115.3% vs previous month
Top companies in Energy Storage Systems
10 companies that operate in the same segment as Faradion (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
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Frequently Asked Questions about Faradion
Faradion was founded in 2010.
Faradion is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
James Quinn is the current CEO of Faradion.
Faradion is a funded company, having raised a total of $10.14M across 8 funding rounds to date.
Faradion has 20 employees.
Annual revenue of Faradion is $659.39K as on Mar 31, 2022.
Faradion was founded in 2010 in Sheffield, United Kingdom. Sodium-ion battery technology is developed, incorporating sodium and silicon for enhanced performance and sustainability. Operations center on creating cost-effective alternatives to conventional batteries, with manufacturing processes that utilize more environmentally friendly materials. The focus remains on advancing energy storage solutions within the clean technology sector, serving applications in renewable energy and mobility.
Faradion's top competitors include Lohum, Natron Energy and StoreDot.
Faradion offers Sodium-Ion Cells and Batteries for Transport.
Faradion has 6 investors. Key investors include Gov.uk, Haldor Topsoe, Mercia, Reliance Industries, and Enterprise Ventures.
Faradion operates through Faradion Limited.
Yes. Faradion was acquired by Reliance Industries in December 2021.