About Faradion
Faradion is a company based in Sheffield (United Kingdom) founded in 2010 by Jerry Barker and Chris Wright was acquired by Reliance Industries in December 2021.. Faradion has raised $10.14 million across 8 funding rounds from investors including Gov.uk, Haldor Topsoe and Mercia. The company has 20 employees as of December 31, 2022. Faradion offers products and services including Sodium-Ion Cells and Batteries for Transport. Faradion operates in a competitive market with competitors including A123 Systems, QuantumScape, Natron Energy, StoreDot and Lohum, among others.
- Headquarter Sheffield, United Kingdom
- Employees 20 as on 31 Dec, 2022
- Founders Jerry Barker, Chris Wright
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Sectors
Energy & UtilitiesTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Faradion Limited
- Date of Incorporation 06 Aug, 2010
- Jurisdiction SHEFFIELD
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Annual Revenue
$659.39 K (USD)-74as on Mar 31, 2022
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Net Profit
$-8.96 M (USD)-214as on Mar 31, 2022
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EBITDA
$-8.96 M (USD)-197as on Mar 31, 2022
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Total Equity Funding
$10.14 M (USD)
in 8 rounds
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Latest Funding Round
$1.08 M (USD), Series B
Jun 28, 2018
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Investors
Gov.uk
& 5 more
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Employee Count
20
as on Dec 31, 2022
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Acquired by
Reliance Industries
(Dec 31, 2021)
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Products & Services of Faradion
Faradion offers a comprehensive portfolio of products and services, including Sodium-Ion Cells and Batteries for Transport. 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.
Provides high-performance batteries for energy storage and transport.
Offers drop-in replacements for lead-acid batteries in e-scooters and e-bikes.
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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 Total Funding
- Total Rounds 8
- Last Round Series B — $1.1M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series B - Faradion | Valuation |
investors |
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| Jan, 2017 | Amount | Series B - Faradion | Valuation | Finance Yorkshire , Haldor Topsoe |
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| Mar, 2016 | Amount | Grant - Faradion | 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 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. 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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Funding is provided to support SME growth in Yorkshire.
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Founded Year | Domain | Location | |
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Early and Growth stage Venture Debt firm that does debt investments in the UK
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Founded Year | Domain | Location | |
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Catalysts for renewable fuels and green chemicals are supplied.
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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 Faradion
| 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 - Faradion
| 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 |
Faradion Comparisons
Competitors of Faradion
Faradion 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 A123 Systems, QuantumScape, Natron Energy, StoreDot and Lohum, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Manufacturer of sodium ion batteries and energy storage systems
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Faradion
Frequently Asked Questions about Faradion
When was Faradion founded?
Faradion was founded in 2010.
Where is Faradion located?
Faradion is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
Who is the current CEO of Faradion?
James Quinn is the current CEO of Faradion.
Is Faradion a funded company?
Faradion is a funded company, having raised a total of $10.14M across 8 funding rounds to date. The company's 1st funding round was a Grant of $1.8M, raised on Aug 07, 2010.
How many employees does Faradion have?
As of Dec 31, 2022, the latest employee count at Faradion is 20.
What is the annual revenue of Faradion?
Annual revenue of Faradion is $659.39K as on Mar 31, 2022.
What does Faradion do?
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.
Who are the top competitors of Faradion?
Faradion's top competitors include Lohum, Natron Energy and StoreDot.
What products or services does Faradion offer?
Faradion offers Sodium-Ion Cells and Batteries for Transport.
Who are Faradion's investors?
Faradion has 6 investors. Key investors include Gov.uk, Haldor Topsoe, Mercia, Reliance Industries, and Enterprise Ventures.