# Petalite funding: rounds and investors

> Petalite has raised $23M across 3 rounds since 2020. Investors include Innovate UK and SFC Capital. Every round with its source.

Source: https://millionrounds.com/company/petalite (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Petalite*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$23M** raised across 3 rounds since 2020, from 3 sources

**$1.3M** Venture **$3.0M** Round **$18M** Round

- **Latest round:** Round, $18M Apr 2025
- **Step-up i:** 6×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2021 2022 2023 2024 2025

**$1.3M** Venture

**$3.0M** Round

**$18M** Round

- **First round:** Venture, $1.3M
- **Biggest round:** $18M
- **Usual gap between rounds:** 2.8 years

## The rounds

- **Apr 2025** Round **$18M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Jun 2022** Round **$3.0M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Jul 2020** Venture **$1.3M** *2 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [SFC Capital](https://millionrounds.com/fund/sfc-capital) Source recorded

## Funding filed with regulators

Petalite filed 2 raises, $21M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Apr 2025 **$18M** UK share allotment
- Jun 2022 **$3.0M** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2020 **Round** 2022 **Round** 2025 [Innovate UK](https://millionrounds.com/fund/innovate-uk) [SFC Capital](https://millionrounds.com/fund/sfc-capital)

## Everyone who backed them

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round

[SFC Capital](https://millionrounds.com/fund/sfc-capital) Angel network **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=petalite).

## Quick answers about Petalite

### Who invested in Petalite?

Petalite's investors include Innovate UK and SFC Capital.

### How much has Petalite raised?

Petalite has raised $23M across 3 rounds since 2020.

### When did Petalite last raise?

Petalite's most recent round, $18M, was in Apr 2025.

### What was Petalite's biggest round?

Its most recent round, $18M in Apr 2025, is also its largest on record.

### Who backed Petalite first?

Petalite's first round on record, in Jul 2020, was backed by Innovate UK and SFC Capital.

### What stage is Petalite at?

Petalite's latest named round is a Venture, in Jul 2020.

### Where is Petalite based?

Petalite is based in the United Kingdom.

## Companies like Petalite

In the same sector, and raised in the last eighteen months.

[**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**Rightcharge** $1.4M · Sept 2026](https://millionrounds.com/company/rightcharge)[**TOGL Energy** $1.1M · Sept 2026](https://millionrounds.com/company/togl-energy)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Holdson** $2.8M · Jul 2026](https://millionrounds.com/company/holdson)

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