Lancaster battery technology developer LiNa Energy raises £29.2m

An estimated £29.2m has been raised by LiNa Energy, a Lancaster-based technology firm, in its latest funding round. Founded in 2017 by Dr Gene Lewis and Dr Richard Dawson as a spin-out from the local university, the company develops solid-state sodium battery systems as a sustainable alternative to lithium-ion technology. These units are designed for the renewable energy storage and electric vehicle markets, utilizing sodium nickel chloride to provide a lower-cost and higher-performance solution.

The firm focuses on materials science, battery testing, and process development to create patented designs with superior safety standards. This latest capital injection follows a total of £3.5m raised during 2025. The company is led by its original founders alongside a management team recruited from the energy sector and big four consulting firms.

Financial accounts for the year ended 31 March 2025 reported a headcount of 28 employees. More recent figures from LinkedIn suggest the workforce has since expanded to 36 people. Formal documentation for the current round was filed in July 2026.