Celltris, a Bristol-based battery start-up, has successfully raised £0.8M in equity and grant investment to advance lithium-ion cell technology, aiming to enhance energy density and reduce costs.

Target Company Overview

Celltris, a battery start-up based in Bristol, UK, aims to revolutionize lithium-ion battery technology by eliminating wasted internal space within their cells. The company recently announced a successful raise of £0.8M through a combination of equity and grant investments, led by QantX and supported by the UKRI's Faraday Battery Challenge. This funding will play a pivotal role in advancing the development of prismatic battery cell designs, which seek to enhance energy density while dramatically reducing production costs.

Since its inception, Celltris has secured over £1.3 million in investment, facilitating the launch of a dedicated battery development and cell prototyping facility in central Bristol. The leadership team, spearheaded by founders Sam Alexander and Ian Hunt, boasts over 20 years of combined experience in lithium-ion battery development, positioning Celltris as an emerging leader in innovative cell assembly methodologies that promise to unlock the next generation of battery technologies.

Industry Overview in the UK

The lithium-ion battery industry in the UK is rapidly evolving, driven by a growing demand for energy storage solutions, particularly in the electric vehicle (EV) sector. As the UK government pushes for increased electrifi