What is Faradion?
Faradion stands at the forefront of the energy transition, specializing in the development of non-aqueous sodium-ion battery technology. Unlike conventional lithium-based systems, Faradion's architecture offers a more sustainable and economically viable alternative for a wide array of applications. The company's market position is defined by its focus on the electric transport sector, including e-scooters and low-speed electric vehicles, as well as stationary energy storage systems. By leveraging a collaborative model with licensees and manufacturing partners, Faradion effectively scales its innovative products to meet the rigorous demands of modern infrastructure and consumer electronics.
How much funding has Faradion raised?
Faradion has raised a total of $2.2M across 1 funding round:
Series B
$2.2M
Series B (2017): $2.2M with participation from Mercia Technologies PLC
Key Investors in Faradion
Mercia Technologies PLC
Mercia Asset Management is a prominent UK-based investment firm that provides equity and debt financing to high-growth businesses, acting as a strategic partner from the scale-up phase through to exit.
What's next for Faradion?
With this major strategic investment, Faradion is poised to enter a new phase of operational expansion. The company's roadmap focuses on scaling manufacturing capabilities and deepening its footprint within the electric mobility ecosystem. By optimizing its supply chain and fostering new industrial partnerships, Faradion aims to solidify its status as a primary provider of next-generation energy storage. The focus will remain on refining its sodium-ion cell performance to ensure it remains the preferred choice for clients seeking environmentally friendly, high-efficiency power solutions in an increasingly electrified global economy.
See full Faradion company page
