UK-based start-up , Nexeon, which claims to have created a battery capable of ten times more energy than carbon Li-ion battery alternatives, has secured £30m in funding from both existing and new investors. The money raised will allow Nexeon to acquire intellectual property and technology, design a larger manufacturing facility, and create a development lab in Asia. In the UK, there are currently no commercial lithium-ion batteries on sale that can match the performance of current state-of-the-art lithium polymer batteries.
UK-based start-up, Nexeon, which claims to have created a battery capable of ten times more energy than carbon Li-ion battery alternatives, has secured £30m in funding from both existing and new investors. The money raised will allow Nexeon to acquire intellectual property and technology, design a larger manufacturing facility, and create a development lab in Asia. Nexeon hopes to create energy storage capacity with high performance and low cost, to allow its batteries to be used for smartphones, wearables, drones and electric vehicles.