Faradion is pioneering the next generation of advanced, low-cost battery materials. These novel materials employ sodium-ion (Na-ion) technology which, when incorporated into batteries, will be virtually indistinguishable from the leading products currently on the market in terms of performance; they are however available at a fraction of the cost.
In addition to the significant cost reduction, these next-generation materials are manufactured using more sustainable materials, since sodium is far more abundant than lithium and its salts are easier to obtain.
By bringing low-cost, state-of-the-art Na-ion technology to the market, the Faradion team is accelerating the introduction of emerging technologies such as stationary storage (on and off grid) and electric vehicles.
With its headquarters at the Innovation Centre in Sheffield, Faradion has gathered a team of experts in the battery industry, with an impressive array of skills and experience.
In addition to the significant cost reduction, these next-generation materials are manufactured using more sustainable materials, since sodium is far more abundant than lithium and its salts are easier to obtain.
By bringing low-cost, state-of-the-art Na-ion technology to the market, the Faradion team is accelerating the introduction of emerging technologies such as stationary storage (on and off grid) and electric vehicles.
With its headquarters at the Innovation Centre in Sheffield, Faradion has gathered a team of experts in the battery industry, with an impressive array of skills and experience.
Location: United Kingdom, England, Sheffield
Employees: 11-50
Total raised: $3.96M
Founded date: 2010
Funding Rounds 1
| Date | Series | Amount | Investors |
| 20.01.2017 | Series B | $3.96M | - |
Mentions in press and media 10
| Date | Title | Description |
| 18.01.2022 | Reliance takes over Faradion for £100 million | The British sodium-ion battery technology company Faradion has been bought up by Reliance New Energy Solar (RNES), a wholly-owned subsidiary of Reliance Industries. Reliance is to acquire 100% shareholding of Faradion for £100 million. In a... |
| 31.12.2021 | Reliance Industries : New Energy Solar to Acquire Faradion Limited | Reliance New Energy Solar to Acquire Faradion Limited A Leading Global Sodium-Ion Battery Technology Company Provides Access to High Density, Sustainable and Competitive Cost Battery Technology Core Pillar of Reliance' Strategy for Enabling... |
| 31.12.2021 | Reliance Industries : Media Release | December 31, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500325 Tra... |
| 10.05.2021 | A point of view – Dr Mark Payton | Dr Mark Payton, CEO, comments on the power of core values. |
| 24.03.2021 | The Panel: How tech is driving the green agenda | The green transition is becoming an important movement across the UK, and the driving forces are the many tech companies whose missions are making a difference to our regions, our carbon footprint and more importantly, our health. |
| 26.02.2021 | Electric Vehicle Stocks Are Hot, But Will Investors Refocus Attention On Batteries? | NEW YORK, NEW YORK - JANUARY 30: A tesla vehicle is displayed in a Manhattan dealership on January ... [+] 30, 2020 in New York City. Following a fourth-quarter earnings report, Tesla, the electric car company, saw its stock surge to anothe... |
| 20.01.2017 | Term Sheet — Friday, January 20 | ET CETERA IPOs: The data does not lie: IPOs are dwindling and so is the number of public companies. The number of US-listed companies has dropped 37% since 1997, Fortune reports. Paid Content How can you protect what you can't see? From Ext... |
| 20.01.2017 | Faradion Raises £3.2m in Series B Funding | Faradion, a Sheffield, UK-based low-cost battery material developer, raised £3.2m in Series B funding. Backers included Mercia Technologies (£1.3m) and existing investors Finance Yorkshire Seedcorn Fund and Haldor Topsoe A/D. The company in... |
| - | Phillips 66 and Faradion Developing Sodium-ion Battery Materials | HOUSTON--(BUSINESS WIRE)--Feb 25, 2021-- Phillips 66 (NYSE: PSX) and Faradion, one of the U.K.-based companies behind the first demonstration of a sodium-ion powered vehicle, have launched a technical collaboration to develop lower-cost and... |
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