Gaussion secures 12 million dollars for fast battery charging technology
Gaussion offers a sustainable and scalable solution to meet the growing demand for more efficient and powerful energy storage systems.
Gaussion secures $12 million in Series A funding round for fast battery charging technology. Charging speed remains a major hurdle to overcome in the mass adoption of passenger and commercial electric vehicles (EVs).
The University College London (UCL) spinoff has developed a new solution that radically improves battery performance by using an external magnetic field during charge and discharge cycles to enable rapid charging via ion steering within existing battery cells. The magnetic field also reduces cell degradation, prolonging battery life.
With a global portfolio of patents and patent applications, Gaussion offers a sustainable and scalable solution to meet the growing demand for more efficient and powerful energy storage systems. This innovation promises a wide range of applications, including transportation electrification, construction equipment, mining operations, home energy storage and energy storage at scale.
Autotech Ventures led the round, which was backed by BGF and the UCL Technology Fund, which is managed by AlbionVC in partnership with UCL Business.
The new funding will allow Gaussion to enter the market, which includes the production and sale of its products and potentially licensing its technology for other applications.
