UK-based electric vehicle (EV) battery tech startup Anaphite has successfully raised $13.7 million in a Series A funding round to accelerate the development and scaling of its innovative technology aimed at reducing the cost and carbon footprint of EV battery manufacturing. Founded in 2018 by chemist Sam Burrow and physicist Alexander Hewitt, Anaphite focuses on revolutionizing electrode production through a unique dry-process solution.

Anaphite’s breakthrough technology eliminates the need for energy-intensive cathode drying ovens, slashing energy consumption in electrode manufacturing by up to 90%. This translates to a significant 40% reduction in production costs and a 30% drop in carbon emissions. The company’s proprietary “precursor powder” ensures high-performance dry coating for faster, more efficient manufacturing without compromising battery quality.

“We're removing key barriers to high-yield manufacturing, offering flexibility to the EV supply chain,” said Burrow, Anaphite’s CTO. The technology is already garnering interest from battery manufacturers and car OEMs eager to implement more sustainable and cost-efficient production methods.

The recent capital injection will allow Anaphite to scale up its dry-coating capabilities, commission a large-scale production plant, and support R&D and hiring efforts. COO Hewitt highlighted the funding's role in positioning Anaphite as a leader in the evolving global battery market, emphasizing the industry’s growing appetite for sustainable solutions.

The Series A round was led by climate-focused VC World Fund and mobility-focused investor Maniv, with participation from new investors EEI and Nesta, as well as existing backers Elbow Beach Capital and Wealth Club. Michael Granoff, Founding Partner at Maniv, praised Anaphite for addressing the concentrated nature of battery supply chains and advancing solutions that could bolster competitiveness in Western markets.

With this funding, Anaphite aims to contribute to the global energy revolution, providing a scalable, sustainable solution to meet the rising demand for EVs.