Faraday Battery Challenge
Overview
The Faraday Battery Challenge (FBC) is a UK government programme run by UK Research and Innovation (UKRI) that invests in the research, innovation, and scale-up of battery technologies. With a total budget of £610 million for the period of 2017-2025, its goal is to make the UK a science superpower for batteries by supporting world-class facilities and innovative businesses in the battery supply chain. The challenge funds projects through several mechanisms, including collaborative research and development grants and an Investor Partnerships Programme, which provides grant funding to SMEs alongside equity funding from venture capital partners. The programme will be succeeded by the 'Battery Innovation Programme' from 2026 onwards.
Portfolio Companies
12
Website
ukri.orgInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Altilium | May 2024 | Grant | Co-investor |
| Echion Technologies | Nov 2023 | Grant | Co-investor |
| Inition | Sep 2024 | Grant | Co-investor |
| About:Energy | Jan 2023 | Grant | Co-investor |
| NiTech Solutions | May 2023 | Grant | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Faraday Battery Challenge based?
Faraday Battery Challenge is headquartered in Swindon, England, United Kingdom.
When was Faraday Battery Challenge founded?
Founding year information for Faraday Battery Challenge is not publicly available.
How many portfolio companies does Faraday Battery Challenge have?
Faraday Battery Challenge has 12 portfolio companies in Caplight's dataset.
What are some companies in Faraday Battery Challenge's portfolio?
Portfolio companies visible on Caplight include Altilium, Echion Technologies, Inition, About:Energy, NiTech Solutions.
What was Faraday Battery Challenge's most recent investment shown here?
Faraday Battery Challenge's most recent investment in this portfolio sample was in Inition in 2024.
What sectors does Faraday Battery Challenge focus on?
Faraday Battery Challenge focuses on Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Healthcare & Life Sciences, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Mobility, Transportation & Logistics, Energy & Sustainability, Mobility, Transportation & Logistics, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech.
What company stages does Faraday Battery Challenge focus on?
Stage focus information for Faraday Battery Challenge is not publicly available.