We are pleased to announce our investment in M-Spin, a spinout from Imperial College London developing a method of manufacturing metallic and ceramic mats with up to 1,000 times greater surface area versus competing technologies.
London, UK, 18th November 2024 – M-Spin is delighted to announce that it has closed a £1.2 million seed funding round. The round was led by Parkwalk Advisors alongside the third Imperial College Enterprise Fund (ICEF).
M-Spin is a spinout from Imperial College London and has developed a method of manufacturing metallic and ceramic mats with up to 1,000 times greater surface area versus competing technologies. The increased surface area enables a step-change in performance in electrochemical applications such as electrolysers, batteries and fuel cells. Dr. Mengzheng Ouyang, CTO, is the lead inventor of the technology. Professor Nigel Brandon, one of the co-Founders, has previously founded Imperial energy technology spinouts Ceres Power and RFC Power.
The investment will allow M-Spin to further optimise its ultra-high surface area metallic mat technology, establish its own bespoke labs, grow the team, and start scaling for production. M-Spin has set out an 18-month program focused on proving the performance and durability of the mats when produced in commercially relevant formats.
Robin Francis, CEO and co-Founder, commented “This is a critical milestone for M-Spin. The investment will allow us to greatly accelerate the commercialisation of our revolutionary metallic mat technology. We are looking forward to working with both our existing and new commercial partners to get the products to market. We are delighted to have Parkwalk and ICEF as investors and partners. Both have amazing track records in supporting and developing deeptech companies, and we look forward to going on this exciting journey with them.”
Martin Glen, Investment Director, Parkwalk Advisors, commented “We are pleased to be supporting M-Spin as they continue to commercialise their technology and scale for production. M-Spin’s technology is at the forefront of developments which could provide a step change in price and performance for electrolysers and hence the production of green hydrogen. This innovation is a great example of the world-changing technologies that are emerging from the Imperial College ecosystem.
To find out more about M-Spin, visit their website or our portfolio page here.
