UKBIC is transforming battery R&D and development for the automotive sector.
UK Battery Industrialisation Centre is transforming battery R&D and development for the automotive sector. The company aims to help UK businesses seize the opportunities available from a move to a low-carbon economy and aims to bring together research and development, supply chain growth, as well as the manufacturing scale-up of battery technologies for the electrification of vehicles.Founded in 2018, UKBIC s part of the UK government’s faraday battery challenge.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Mar 16, 2019 | Grant | £28M | 1 | Industrial Strategy Challenge Fund | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Industrial Strategy Challenge Fund | Yes | Grant |