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.
Provides high-performance batteries for energy storage and transport.
Offers drop-in replacements for lead-acid batteries in e-scooters and e-bikes.
People of Faradion
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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 |
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 |
|---|---|---|---|---|
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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 |
Investments & Acquisitions by Faradion
Financial Statements - Faradion
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.
| 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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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. The company's 1st funding round was a Grant of $1.8M, raised on Aug 07, 2010.
As of Dec 31, 2022, the latest employee count at Faradion is 20.
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.