Battery power technology company Gaussian has raised $12 million in Series A.
Charging speed remains a significant hurdle to the mass market adoption of electric vehicles (EVs).
Fast charging with conventional electrochemistry is inherently unpredictable, The cells are often dangerously damaged and next-generation technologies, such as solid-state electrolytes, have repeatedly failed to meet their objectives.
The spinoff of University College London (UCL), has developed a novel solution that radically improves battery performance with an external magnetic field during charge and discharge cycles to enable rapid charging by directing ions within existing battery cells. The magnetic field also reduces cell degradation and thus extends battery life.
With a global portfolio of patents and patent Applications, Gaussian offers a viable and scalable solution to meet the growing demand for more efficient and powerful energy storage systems.
This innovation is promising for a wide range of Applications including transportation electrification, construction equipment, mining operations, residential energy storage, and utility-scale energy storage for load and phase balancing.
Autotech Ventures led the round, which was supported by BGF and UCL Technology Fund, managed by AlbionVC in collaboration with UCL Business.
“Gaussion’s approach aims to expand the solution space by introducing a new Variable, instead of displacing or replacing existing technologies,” said Alexei Andreev, co-founder and managing director of Autotech Ventures.
“TThey leverage the advances of current battery cell giants and apply an external magnetic field to improve the performance of established battery technologies without changing their core components. We see tremendous opportunities in a variety of markets.”
“IIn many applications we observe that efforts quickly electrify be delayed or blocked due to the cost of raising the battery power limit,” said Tom Heenan, Gaussian CEO and co-founder.
“WMagnetic enhancement could lead to incremental improvements in all chemical processes, formats and applications, enabling electrification cost-effectively without compromise. To Costs or performance.”
Dennis Atkinson, an investor at BGF, commented:
“Goutside is an innovative company that has developed a unique solution to one of the most pressing problems in the EV battery space.
The strong progress made so far, led by an exceptional team, underscores the potential of their technology and we are delighted to have Autotech join us on this journey..”
The capital injection enables Gaussion’s Market entry, which includes the manufacture and sale of its products and the potential licensing of its technology for other applications.
Cover photo: Freepik.
