British startup Anapite has received $13.7 million in Youth A funding to advance its efforts to reduce the cost and carbon footprint of electric vehicle (EV) battery manufacturing. Founded in 2018 by chemist Sam Barrow and physicist Alexander Hewitt, Anafit aims to revolutionize the production of lithium-ion batteries by introducing a “dry” manufacturing process. This approach eliminates the need for powerful cathode drying ovens and reduces energy consumption for power generation by 90%, a major leap forward in improving the stability of battery manufacturing. The company uses a special chemical synthesis process to create a “front powder” that allows dry coating without compromising battery performance. Anafit’s new project aims to reduce production costs by 40% and reduce carbon footprint by 30%. It is actively collaborating with battery cell manufacturers and automotive original equipment manufacturers (OEMs) to integrate this groundbreaking technology into their production lines. Anaphite’s CTO, Sam Burrow, emphasized the importance of their technology in meeting the demands of the EV supply chain.
He noted that their solution provides the flexibility needed to overcome barriers in high-yield manufacturing and battery design, helping the industry transition to more sustainable practices. Hewitt, the company’s COO, highlighted the industry’s desire for improvements in battery production, especially in the context of the global shift toward sustainable energy. He stated that the new funds would allow Anaphite to expand its dry coating capabilities, scale up production, and commission a facility capable of producing tons of composite cathode material. The Series A investment was led by climate technology investment firm and sustainability investor Maniv. Other participants included previous investors Elbow Beach Capital and the Property Club, as well as new sponsors EEI and Nesta. Michael Granoff, founder of Maniv, said that while the cost of batteries has dropped significantly over the past two years, the supply chain and manufacturing have become heavily dependent on China. He expressed confidence in Anaphite’s technology and hopes to promote a more flexible battery supply chain, thereby increasing competition for Western battery manufacturers and engineers in the coming years. now. The funding will also support Anaphite’s research and development efforts, and new employees can drive the company’s growth. With this investment, Anaphite positions itself as a key player in the effort to produce sustainable and affordable EV batteries.