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Imperial College London Spin-Out Raises £1.5M For Smart Battery Software

Imperial College London Spin-Out Raises £1.5M For Smart Battery Software

12/02/21, 9:01 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
£1.5 million
Round Type
seed
London-based Breathe Battery Technologies, a startup that develops “intelligent” battery management algorithms for electric vehicles and smartphones, has raised £1.5m in a funding round led by Speedinvest.

Company Info

Company
London Based Breathe Battery Technologies
Location
london, ontario, canada
Additional Info
The company, which launched as a spin-out from Imperial College London in 2019, is creating software to maximise battery life.Breathe Battery Technologies CEO Ian Campbell told UKTN that the capital will be used to fund its existing projects through 2022. The company will also scale up its team and battery testing facilities in London. “There’s a lot of capital available now and the rate of development in the battery industry is high, so the difficult thing is finding the right partners and deploying funds better than the competition – we feel really confident here with Speedinvest and our roadmap,” Campbell said. The company started with just the three founders in 2021 but it’s now starting 2022 with 12 people. ”Breathe Battery Technologies core software solution is Lincc, which the company claims to be the “world’s first” truly dynamic and health-adaptive charging software. The company also claims to be able to run its software on low power chips. Founded by Dr Yan Zhao, Dr Ian Campbell and professor Greg Offer, the startup believes that battery management systems play a crucial role for making use of a battery to its fullest extent. Campbell and Zhao both hold PhD degrees in lithium-ion battery engineering from ICL.