Autotech Ventures, along with BGF and UCL Technology Fund, has invested $12 million in Gaussion, a startup focused on innovative battery technology that enhances charging speed and reduces degradation in electric vehicle batteries.

Information on the Target

Gaussion is a pioneering startup that originated as a spinoff from University College London (UCL). The company specializes in innovative battery technology, specifically utilizing an external magnetic field to significantly enhance battery performance during charging and discharging cycles. This novel approach not only accelerates charging speeds but also minimizes cell degradation, thereby prolonging the lifespan of batteries.

With an array of patents and ongoing research, Gaussion aims to address the critical challenges facing electric vehicle (EV) adoption by offering a solution that improves existing battery technologies without necessitating substantial alterations to their core components. The company's recent capital raise of $12 million will support its market entry and the production of its cutting-edge technology.

Industry Overview in the Target's Specific Country

The electric vehicle industry in the UK is undergoing a transformative phase, driven by evolving consumer sentiment and heightened demand for sustainable transportation solutions. As more individuals consider transitioning from internal combustion en