Illumion Ltd., a University of Cambridge spinout, secured a £2.1 million seed investment to advance its innovative Charge Photometry technology, aimed at revolutionizing battery material research.
Target Information
Illumion Ltd. ("Illumion" or the "Company") is a cutting-edge spinout from the University of Cambridge that specializes in the commercialization of innovative microscope technology known as Charge Photometry. This technology aims to provide real-time visualization of battery materials during charging and discharging processes. Founded in 2022 by CEO Dr. Christoph Schnedermann and Lead Scientist Dr. Alice Merryweather, Illumion builds on foundational research conducted by renowned professors at the University of Cambridge.
Battery material research and development methodologies have remained relatively unchanged for half a century, often taking up to a decade to convert new battery materials into commercially viable products. Illumion has pioneered a novel optical imaging technique known as Charge Photometry, which facilitates rapid and non-destructive insights into battery material behavior throughout their operational cycles. As global demand for renewable energy solutions intensifies, Illumion's technology is poised to play a critical role in advancing battery chemistry development.
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Industry Overview
The battery industry is undergoing significant transformation, driven by the global urgency to transition towards sustainable energy sources. With governmental policies and consumer preferences increasingly favoring renewable energy, the
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Foresight Group
invested in
Illumion Ltd.
in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $2M