Introduction
TaiSan has secured over £1 million in a pre-seed funding round to advance sodium battery technology for BEVs. This UK-based startup aims to disrupt the industry with its innovative approach to battery materials.
Significant Investment
TaiSan’s funding round was led by EIT InnoEnergy and TSP Ventures, with contributions from Heartfelt VC and Exergon. Together, they raised £1.3 million. This investment will allow TaiSan to improve its battery manufacturing processes and achieve a 20% cost saving at the GWh-level.
Government Support
TaiSan has also received nearly £500,000 from various UK Government and Research organizations. These include the Department for Transport (DfT), The Faraday Institution, Innovate UK, Advanced Propulsion Centre, Royal Academy of Engineering, and Catapult Connected Places.
Innovative Technology
Founded in 2022, TaiSan focuses on developing an industry-disrupting sodium battery for BEVs with enhanced energy density. The company has created a proprietary polymer electrolyte featuring a metal anode. This breakthrough technology promises to make batteries smaller, lighter, and more efficient.
Statements from Leadership
“Our entire team is thrilled to complete this pre-seed fundraising,” said TaiSan’s CEO, Sanzhar Taizhan. “Sodium-ion technology offers significant benefits in cost, sustainability, and safety for the BEV industry. TaiSan’s innovations in electrolyte and anode materials will elevate this technology to new heights.”
Mike Doswell, CIO of TSP Ventures, expressed confidence in TaiSan’s potential. “We believe TaiSan’s breakthroughs can fulfill the promise of sodium-ion technology by delivering affordable, highly functional batteries with a much lower environmental impact.”
Growing Field of Interest
Interest in sodium battery technology is rising, especially in China. Manufacturers like BYD and Huahai have already implemented sodium batteries in various sectors, including aviation. In Europe, companies like Varta are starting to explore this promising technology.
Future Prospects
With the new investment, TaiSan will accelerate its development efforts. The company plans to announce groundbreaking results soon, indicating a bright future for sodium-ion batteries. This funding will also help TaiSan partner with more automotive OEMs and further solidify its position in the market.
Conclusion
TaiSan’s latest funding round marks a significant step forward in the development of sodium battery technology. With strong financial backing and innovative technology, the company is well-positioned to make meaningful advancements in the BEV industry.
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