Gaussion, a battery startup based in London, has raised $28 million, bringing its total funding to more than $44 million. The company plans to use this investment to expand its magnetic charging technology, which can be used with any lithium-ion battery without changing its chemistry or design.
The funding round includes investment from Steve Jurvetson’s Future Ventures, which is known for backing SpaceX and Tesla in their early days. Jurvetson is now the second early Tesla investor to support this UCL spinout.
With AI data centres, electric vehicles, and autonomous systems putting more pressure on the global power supply, Gaussion argues that batteries are now the main bottleneck holding back technology.
Most people focus on chip shortages, rising semiconductor values, and the race for more computing power. Gaussion sees things differently, saying these advances do not matter if battery technology cannot keep up. The company has raised $28 million to tackle this problem.
Gaussion was founded in 2022 as a spinout from University College London and the Faraday Institution. The company develops technology that uses an external magnetic field to charge lithium-ion batteries faster and extend their lifespan. Co-founders Dr Tom Heenan and Dr Chun Tan first came up with the idea in 2017 at UCL’s Electrochemical Innovation Lab.
