Anaphite, a Bristol-based provider of battery technology, pulled in €1.6 million, or about $1.86 million, in new funding. Half of the capital came from Innovate UK’s Clean Energy and Climate Technologies competition and the remainder was supplied by Elbow Beach and World Fund.
The company provides original equipment manufacturers with dry coating technology for NMC cathodes. Its new funding enables it to expand its platform to lithium iron phosphate, or LPF, cathodes and graphite anodes. While LFP cathodes are increasingly used in electric vehicle production, they are significantly more energy-intensive to manufacture compared to the widely used NMC cathodes. Anaphite’s coating technology is designed to provide the first commercial-scale solution for dry coating LFP cathodes to meet growing EV demand.
“This enables us to attack one of the toughest technical challenges in dry coating — successfully manufacturing LFP electrodes,” Joe Stevenson, Anaphite’s CEO, said in a statement. “Once achieved at scale, it will be enormously valuable to the industry. Anaphite’s DCP technology has been successful with NMC dry coating formulations, and we’re confident it can be applied to LFP, to further boost the cost and carbon emission savings for OEMs.”
