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London Telegraph: Revolutionary Australian battery company plans London float
A battery storage developer spun out of the University of Sydney plans to list in London to raise more than £16m to commercialise its technology.
Autralia-based Gelion Technologies is expected to be valued at around £120m when it floats on Aim next month, having already raised cash from investors including Regal Funds Management and Elphinstone Group.
The company’s zinc-bromide batteries use an electrolyte gel rather than having to pump through a liquid solution, cutting size and cost.
Read the full story here in the Daily Telegraph.
Targeting Next-Generation Silicon Sulfur Cells for Global EV and Electric Aircraft Markets.
Gelion successfully completes £4.0m capital raise and welcomes OXLiD¹, a UK lithium sulfur innovator, to the group.