Who is Faradion Limited?

If so, then please Faradion Limited is a company registered in England & Wales. Registration No.07338748 Welcome to Faradion, the world leader in non-aqueous sodium-ion cell technology that provides cheaper, cleaner energy.

Who owns Faradion?

Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining equity stake of nearly 8% in Faradion Limited, a leading sodium-ion battery technology company. This transaction, finalised on October 28, 2024, grants RNESL full ownership of Faradion.

Where is Faradion based?

Based out of Sheffield and Oxford in the UK, Faradion provides access to high density, sustainable, and competitive-cost battery technology. RNESL will use Faradion's state-of-the-art technology at its proposed fully-integrated energy storage gigafactory as part of the Dhirubhai Ambani Green Energy Giga Complex project at Jamnagar.

Is Faradion owned by Reliance Industries?

With this acquisition, Faradion has now become a wholly-owned subsidiary of RNEL," Reliance Industries announced on Tuesday, October 29. Reliance initially announced its interest in Faradion in December 2021, with the acquisition valued at £100 million with RNESL investing £25 million as growth capital in the company.

Did RNel acquire Faradion?

"RNEL has informed the Company that it has on October 28, 2024 acquired the balance equity stake from the existing shareholders of Faradion. With this acquisition, Faradion has now become a wholly-owned subsidiary of RNEL," Reliance Industries announced on Tuesday, October 29.

What is the current valuation of Faradion?

The current valuation of Faradion is 00000. What is Faradion’s current revenue? The current revenue for Faradion is 00000. How much funding has Faradion raised over time? Faradion has raised $9.7M. Who are Faradion’s investors?