Anaphite has raised £1.4 million ($1.9m) to advance dry coating innovation through the Innovate UK Investor Partnership Programme, combining £700,000 ($931,000) in grant funding with matched investment from Elbow Beach and World Fund.
The funding will accelerate development of its DCP® technology platform, extending proven success in NMC cathode dry coating to the more technically demanding LFP cathodes and graphite anodes.
LFP cathode production is currently more than twice as energy intensive per kWh than NMC cathodes. With electrode mixing and coating responsible for 30–40% of total cell energy and cost, Anaphite’s approach offers a pathway to significant savings in both manufacturing expense and carbon footprint. LFP is forecast to exceed 55% of global cathode demand by 2030, yet no commercial-scale dry coating solution exists today.
“We’re thrilled to have secured this grant support from Innovate UK and the matching investment from Elbow Beach, World Fund and other Anaphite investors,” said CEO Joe Stevenson. “This enables us to attack one of the toughest technical challenges in dry coating – successfully manufacturing LFP electrodes.”
Anaphite’s proprietary compositing techniques attach binders and conductive carbons directly to active particles, overcoming limitations of conventional mixing.
Partner Craig Douglas of World Fund noted, “This investment will enable the company to significantly expand its commercial capabilities, accelerating the scale-up of its manufacturing processes and driving down manufacturing costs for the global battery industry.”
The project will validate roll-to-roll production of dry coated LFP cathodes and graphite anodes, supporting UK industrial strategy and advancing low-carbon battery manufacturing for EVs and BESS markets.
