Anaphite is a technology company.
Anaphite is focused on decarbonising battery production by accelerating the industry's shift to dry electrode coating, enabling better, more sustainable batteries at lower cost.
Anaphite has raised $20.0M across 3 funding rounds.
Anaphite has raised $20.0M in total across 3 funding rounds.
Anaphite is a UK-based battery technology company developing Dry Coating Precursor (DCP®) technology—composite cathode powders for lithium-ion batteries that enable solvent-free, dry electrode coating.[1][2][4] It serves battery manufacturers and EV OEMs by solving high-energy, costly wet coating processes, reducing production costs by up to 40%, energy use by 30%, and carbon emissions to support sustainable transportation.[3][4] Founded in 2018 in Bristol, Anaphite has raised over $15 million in Series A funding, including $13.7 million in 2024 and €1.6 million in late 2025, fueling pilot-scale manufacturing and R&D for LFP batteries and global commercialization.[3][6]
The company targets the EV battery sector's shift to dry processing, with in-house testing validating high electrochemical performance and scalability from grams to tonnes.[1][4] Growth momentum includes hiring a CEO in 2022, pivoting to Li-ion electrodes, and partnering with cell makers amid rising demand for greener production.[3]
Anaphite was founded in 2018 in Bristol, UK, by chemist Sam Burrow (CTO) and physicist Alexander Hewitt (COO), who developed proprietary chemistry for advanced battery electrodes.[2][3] The idea emerged from innovating cathode powders infused with materials like carbon nanotubes or graphene to enable dry coating, addressing longstanding inefficiencies in Li-ion manufacturing.[1][5] Early traction came via UK accelerator programs showcasing their DCP tech alongside EV innovations, followed by a £1.2 million raise in 2021 and £4.1 million in 2022.[3][5]
A pivotal moment was hiring CEO Joe Stevenson (ex-Johnson Matthey) in 2022, commissioning pilot manufacturing, and refocusing solely on dry-coated Li-ion electrodes, setting the stage for Series A scaling.[3]
Anaphite rides the EV battery manufacturing revolution, where dry electrode coating addresses wet process bottlenecks amid surging demand for affordable, low-carbon Li-ion cells.[3][4] Timing aligns with net-zero goals (e.g., UK 2050 targets) and market forces like rising energy costs, supply chain pressures, and regulations favoring sustainable production.[1][3] By enabling cheaper, greener batteries, it influences the ecosystem—partnering with OEMs to accelerate EV adoption, reduce aerospace/maritime battery costs, and support LFP shifts for mass-market vehicles.[3][6] This positions Anaphite as a key enabler in the $100B+ battery supply chain, democratizing advanced tech for global scale-up.[2]
Anaphite is primed to capture share in dry coating as EV production hits GWh scales, with next steps including full plant commissioning, LFP commercialization, and major OEM contracts using recent €1.6M funding.[3][6] Trends like AI-optimized batteries, solid-state transitions, and circular supply chains will amplify its DCP platform, potentially expanding to anodes or next-gen chemistries.[4] Its influence could evolve from innovator to industry standard-setter, slashing global battery emissions and costs—echoing its founding mission to decarbonize EV production at scale.[1][3]
Anaphite has raised $20.0M in total across 3 funding rounds.
Anaphite's investors include Elbow Beach Capital, Maniv Mobility, Trucks Venture Capital, World Fund.
Anaphite has raised $20.0M across 3 funding rounds. Most recently, it raised $14.0M Series A in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $14.0M Series A | Elbow Beach Capital, Maniv Mobility, Trucks Venture Capital, World Fund | |
| Mar 1, 2024 | $1.0M Seed | Elbow Beach Capital | |
| Jul 1, 2022 | $5.0M Seed | Elbow Beach Capital |