The funding will support the business in scaling its battery technology for rapid EV charging to meet increasing power demand.
Gaussion, the London-based deep tech company pioneering energy intelligence technology for battery packs, today announces the close of a $28m funding round. This brings total capital raised to over $44m since the company was founded in 2022 as a UCL and Faraday Institution spinout.
The round was co-led by BGF and AlbionVC, with follow-on participation from mobility specialist fund Autotech Ventures, UCL Technology Fund, DN Capital and Future Ventures. Led by Steve Jurvetson, an early investor in SpaceX and Tesla, Future Ventures becomes the second early Tesla investor involved with Gaussion alongside board member Simon Rothman.
With much of the global battery industry focused on advances in cell chemistry, technologies extracting more from existing cells are attracting greater attention, particularly as AI infrastructure, electrified transport and autonomous systems place unprecedented strain on power supply.
Gaussion’s breakthrough technology – which uses an external magnetic field to enable rapid charging – improves the performance and lifespan of battery systems using proprietary, AI-enabled control software, with no change to battery chemistry or design.
The technology works with any lithium-ion battery across a wide range of applications, from charging EVs and drones in minutes to powering data centres, meeting sudden spikes in demand while maintaining battery longevity and reducing operating costs.
Tom Heenan, CEO and Co-Founder of Gaussion,said: “The race everyone’s watching is about computer chips – but the real prize is the battery. The battery decides whether the giant computers behind AI can keep running. Whether a drone can stay in the sky. Whether a satellite survives out in space. Every battery faces a physics ceiling, and we move that ceiling.”
Gaussion is already working with several of the world’s leading vehicle, aerospace, energy-storage and consumer electronics manufacturers. In October 2025, growing demand enabled the company to move into a new 40,000 sq ft facility in central London, thereby opening one of the largest battery R&D locations in Europe.
Backed by 66 applications across 17 patent families, originating from its Faraday Institution research base, Gaussion’s technology is being evaluated across 14 active commercial programmes.
Dennis Atkinson, Co-Head of Early Stage at BGF, said: “Gaussion has made huge strides in a short space of time to validate its technology, scale operations and increase commercial traction. The business possesses a truly differentiated offering, underpinned by an incredibly versatile product, with the potential to address a fundamental performance and cost issue in battery systems. We are delighted to invest in Gaussion for a third time.”
The company was recently identified by the UK Department of Business and Trade as one of a small number of innovative companies representing sectors crucial for economic growth, with CEO and co-founder, Tom Heenan chosen to attend the largest ever UK trade mission to the US, Greater Together LA.
Building on this momentum, the additional investment will be used to scale commercial deployment of MagLiB™, Gaussion’s magnetic PCB retrofit system, and Aeon™, its proprietary control chip and software platform, across the automotive, aerospace, data centre and consumer electronics sectors.
Oliver Christian, His Majesty’s Trade Commissioner to North America, said: “Greater Together LA brought together our shared values — innovation, creativity, and entrepreneurship — to unlock new opportunities for both our economies to grow and thrive.
“Gaussion is a brilliant example of why the UK is Europe’s number one tech ecosystem and how British deep tech can generate world-leading solutions with global commercial potential. As we deepen our technology partnership with the United States, companies like Gaussion demonstrate why the UK remains one of the world’s most exciting places to innovate, invest, and do business.”
