Anaphite has successfully raised $13.7 million in Series A funding to enhance its innovative dry-coating technology for EV battery electrodes, positioning itself as a leader in the sustainable battery manufacturing sector.

Information on the Target

Anaphite is a UK-based company founded in 2018 by chemist Sam Burrow and physicist Alexander Hewitt. The firm specializes in advancing production technology for battery electrodes, offering a patented chemical compositing process that significantly enhances the dry coating of cathodes. This innovative approach to electrode manufacturing positions Anaphite as a leader in the lithium-ion battery sector.

The company's proprietary technology has the potential to elevate efficiency in battery production, aiming for reductions of up to 30% in carbon intensity and 40% in overall manufacturing costs. Anaphite is currently collaborating with major car manufacturers and battery cell producers globally, bolstering its role in the battery industry's evolution.

Industry Overview in the Target’s Specific Country

The UK battery manufacturing landscape is rapidly evolving, driven by the burgeoning demand for electric vehicles (EVs) and a keen focus on sustainable production methods. The government and private sector ar