Gaussion

London-based battery intelligence startup Gaussion has successfully secured a $28 million (£21.2 million) growth funding round co-led by BGF and AlbionVC, bringing its total capital raised to date to $44 million.

Summary of transaction details:

• Value: $28 million (£21.2 million) Growth Round.
• Sector: DeepTech & AI / ClimateTech / Battery Technology
• Advisor: Not disclosed.
• Key Entities: Target: Gaussion; Co-Lead Investors: BGF, AlbionVC; Follow-on Institutional Investors: Autotech Ventures, UCL Technology Fund, DN Capital, Future Ventures; Key Founders: Dr. Tom Heenan (CEO), Dr. Chun Tan.
• Location: London, UK.

Note: Spun out from University College London (UCL) and the Faraday Institution in 2022, Gaussion is bypassing traditional battery chemistry innovations to optimize existing hardware from the outside. While the global market scrambles to develop complex new cell chemistries to support power-hungry AI data centers, electric vehicles, and defense drones, Gaussion’s solution utilizes an external magnetic field during charging cycles. Supported by 66 patent applications across 17 patent families, their core hardware framework ("MagLiB") and smart control chip ("Aeon") work symmetrically to safely steer ions inside any standard lithium-ion cell. This application allows commercial batteries to achieve rapid charging speeds in minutes and dramatically curtails internal cell degradation, extending the lifespan of unchanged components. Notably, this round marks the addition of Steve Jurvetson’s Future Ventures to the cap table, joining early Tesla backer Simon Rothman on Gaussion’s board. The milestone transaction also represents the definitive deal pushing BGF past £5 billion in total lifetime investments. The £21.2m injection will directly fund the commercial scaling of its 14 active pilot programmes and leverage their massive new 40,000 sq ft R&D facility in central London—one of the largest specialized battery infrastructure labs in Europe.