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Later stage / growth

Faradion

Sodium-ion battery cell technology for grid-scale and EV energy storage

VerifiedAcquisition completion (buyout to 100%)Sheffield

Latest disclosed round

Acquisition completion (buyout to 100%)

Date
2024-10-28
Amount
Not stated
Sector
Climate / energy / cleantech; Deeptech / hardware
Companies House
07338748

Evidence status

Directory ready

Identity
Verified
Match
Verified
Operating status
active
Data origins
Core directory, Live Chris T D1

Capital network

7 linked investors

Finance Yorkshire Seedcorn Fund, Haldor Topsoe A/SparticipantFinance Yorkshire, Rising Stars Growth Fund, Haldor Topsoe A/S, an unnamed Japanese electronics companyparticipantMercia TechnologiesleadMercia's managed funds (incl. Finance Yorkshire Seedcorn Fund)leadNot singularly identifiedleadReliance New Energy LtdleadReliance New Energy Solar Ltd (Reliance Industries subsidiary)lead

Funding record

5 disclosed rounds

DateStageAmountInvestors
2024-10-28Acquisition completion (buyout to 100%)undisclosed (buyout of remaining ~8% minority stake)Reliance New Energy Ltd
2022-01-05Acquisition (majority, ~92%)£100m enterprise value (plus separate £25m growth-capital commitment, ~$34m)Reliance New Energy Solar Ltd (Reliance Industries subsidiary)
2017-01-18Series B (explicitly labeled by contemporary press)£3.2m syndicate (Mercia's direct tranche up to £1.9m: £1.3m initial + £600k milestone-based)Mercia Technologies, Finance Yorkshire Seedcorn Fund, Haldor Topsoe A/S
2015-02-26Growth funding~£2m ('almost £2 million')Not singularly identified, Finance Yorkshire, Rising Stars Growth Fund, Haldor Topsoe A/S, an unnamed Japanese electronics company
2010-01-01Seed (managed funds; amount undisclosed)undisclosedMercia's managed funds (incl. Finance Yorkshire Seedcorn Fund), undisclosed

Traceability

Source trail

Funding and investor claims retain their public-source links. This is a research snapshot, not a live cap table.