Global Infrastructure SherpaFaradion Limited
Faradion Limited is a UK-based pioneer in sodium-ion battery technology, focused on developing and commercializing high-performance, low-cost, and sustainable battery solutions. Acquired by Reliance New Energy Solar, the company aims to accelerate the deployment of its technology for various applications, including electric vehicles and stationary energy storage infrastructure.
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Battery Technology CompanyOEM/Equipment
Strategic Overview
- Focus on developing sustainable and low-cost sodium-ion battery technology as an alternative to lithium-ion.
- Leveraging parent company Reliance's resources for accelerated commercialization and potential large-scale manufacturing in India.
- Targeting diverse applications including electric vehicles, grid-scale energy storage, and portable electronics.
Deal History (1)
Deal Activity from Public Sources
Reliance New Energy Solar (RNESL), a wholly-owned subsidiary of Reliance Industries Limited, acquired Faradion Limited for an enterprise value of GBP 100 million.
Investment Focus
Technologies
Storage1
Geography
UK1
Key People
Dr. Ashwin Kumar
CEO
Dr. Chris Wright
Chairman
Dr. Jerry Barker
Founder & Chief Scientist
Track Record
13
Years Active
Notable projects: Development of proprietary sodium-ion battery technology
Detailed Analysis
Technologies
Geographies