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Gaussion
Value £9,500,000

Gaussion

VC Funding
Series A
DeepTech & AI Published 12 August 2024

Summary

Gaussion, a University College London spinout, has secured £9.5 million in Series A funding led by Autotech Ventures to commercialize its magnetic field-based battery enhancement technology, which accelerates EV charging speeds while reducing cell degradation.

Summary of transaction details:

  • Value: £9.5 million
  • Sector: DeepTech & AI
  • Advisor: N/A
  • Key Entities: Gaussion (target), Autotech Ventures (lead investor), BGF, UCL Technology Fund
  • Location: United Kingdom

Note: The funding supports Gaussion’s transition from university research to commercialization, addressing critical EV adoption barriers through a cost-effective, chemistry-agnostic solution with broad industrial applications.

Lead Investor / Acquirer

Autotech Ventures

Advising Broker

Undisclosed Firm

Original Source

View the original press release or news article describing this transaction in full.

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