London-based Gaussion has raised 10.9 million euros in investment to charge electric vehicle (EV) batteries faster. Led by Autotech Ventures and joined by existing investors BGF and UCL Business, the €10.9 million Series A investment round will enable Gaussion to bring its products to market and license its technology for different applications.

Gaussion 

One of the biggest barriers to mass-market adoption of electric vehicles (EVs) is insufficient charging speed. Fast charging with traditional electrochemical methods often damages battery cells and becomes unpredictable, while next-generation technologies have yet to reach the expected level. Gaussion, a University College London (UCL) spin-off, has developed a technology that improves battery performance by using an external magnetic field to guide ions within battery cells during charge and discharge cycles. This innovative approach enables fast charging safely and efficiently, while extending battery life.

In many applications, we see electrification efforts slowed or hindered by the cost of improving battery performance. Magnetic enhancement can unlock electrification in all chemical structures and applications without compromising cost.

Tom Heenan, CEO of Gaussion

Alexei Andreev, co-founder of Autotech Ventures, said that Gaussion's innovative approach offers a new variant that will improve performance rather than replacing existing battery technologies. He pointed out that this technology offers great opportunities in various markets. Gaussion's technology aims to revolutionize the industry by providing a viable and scalable solution for global energy storage systems. This technology has great potential, especially in areas such as transportation electrification, construction equipment, mining operations and residential energy storage. BGF investor Dennis Atkinson emphasized that Gaussion has developed a unique solution to one of the most pressing problems in the EV battery space, while UCL Technology Fund Partner David Grimm noted that Gaussion's co-founders have contributed to the widespread adoption of electric vehicles with innovative solutions.