2023-05-11-dealroom.co-2023年英国电动汽车电池技术报告_36页_12mb

Summary of UK Electric Vehicle Battery Tech Ecosystem 2023

Core Content

The UK Electric Vehicle (EV) Battery technology ecosystem is a critical component of the country's broader efforts to transition to a sustainable, net-zero future. The report outlines the current state of the ecosystem, highlighting its value, investment trends, and global standing, while also addressing challenges and opportunities for growth.

Key Takeaways

• Ecosystem Value: The UK EV Battery tech ecosystem's total value dropped from $10.8B in 2021 to $2.7B in 2022, a 75% decline. However, the value of private startups continued to grow, with those excluding Britishvolt doubling since 2021.
• Investment Trends: In 2022, UK EV Battery startups raised $418M, their second-best year on record. This reflects a 5.4x increase since 2017. Late-stage rounds and megarounds, particularly from Nexeon, Zenobe, and Arrival, have been the main drivers of this growth.
• Foreign Investment: In 2022, 81% of investment in UK EV Battery startups came from foreign investors, with the US and Asia leading in terms of value.
• Domestic Investors: The domestic investor base is diverse, with contributions from a wide range of venture capital firms, angel investors, and corporate entities, with corporate investors contributing 57% of the total investment.
• Global Competitiveness: The UK ranks second in Europe for EV Battery VC investment since 2018, behind Sweden, and third globally (excluding China). The ecosystem has shown stronger resilience compared to other leading regions, with a 1.8x growth in investment from 2021 to 2022.
• Technology Readiness and Commercialisation: The ecosystem is supported by a collaborative network involving industry, government, and academia, aiming to create efficient pathways from early-stage research to scalable commercialisation. The Faraday Battery Challenge, delivered by Innovate UK, plays a central role in this effort.

Funding Landscape

• 2022 Investment: $418M was raised by UK EV Battery startups in 2022, a record second-best year.
• Investment Growth: From 2017 to 2022, investment in the UK EV Battery sector grew 5.4x, with late-stage and megarounds driving the majority of this growth.
• Top Rounds: Nexeon raised $220M in late-stage VC in 2022, Zenobe raised $198M in 2020, and Arrival raised $118M in 2020.
• Early and Mid-Stage Investment: In 2021, early and mid-stage investment reached a record $108M, but 2022 saw a slight decrease compared to 2021, still showing a 2.9x increase from 2020.
• Concentration of Funding: VC funding is highly concentrated among a few leading companies, indicating the presence of a few dominant players in the sector.

Global Competitiveness

• Enterprise Value: In 2022, the UK EV Battery ecosystem had a combined enterprise value of $2.7B, second in Europe after Sweden.
• Investment Comparison: The UK ranks second in Europe and third globally (excluding China) for EV Battery investment since 2018.
• Resilience: The UK's growth in investment (1.8x) from 2021 to 2022 outperformed many other top ecosystems, including Canada and the Netherlands.

Ecosystem Structure

• Startup Distribution: Nearly 50% of the ecosystem's value is concentrated in companies founded since 2015.
• University Spinouts: Several prominent UK EV Battery startups have emerged from university research, including Nyobolt (University of Cambridge), Reathe (Imperial College London), Echion Technologies (University of Oxford), BrillPower (University of Oxford), and Exeon (Imperial College London).
• Collaborative Networks: The Cross-Sector Battery Systems Innovation Network, co-funded by Innovate UK KTN and the Faraday Battery Challenge, fosters collaboration across sectors and aims to accelerate innovation and commercialisation.

Challenges and Opportunities

• Production Transition: A key challenge is the transition to high-volume production, which requires suitable sites, planning permissions, skilled labor, and substantial investment.
• Supply Chain Sustainability: Securing sustainable supply chains is a global challenge, and the UK is no exception.
• Future Funding: The Faraday Battery Challenge continues to support innovation through its Investor Partnerships Programme and Investment Readiness Programme, which aims to onboard new companies in 2023 and support them in raising capital.

Conclusion

The UK EV Battery ecosystem, despite a significant drop in value from 2021 to 2022, remains a dynamic and growing sector with strong international investment and a robust network of academic and industrial partners. The ecosystem's focus on innovation, collaboration, and commercialisation positions it well for future growth and global leadership in the EV battery industry.