OQC Leads Quantum Leap in Battery Technology

Portfolio | May 01, 2025 | Top Technology Ventures Ltd

OQC and Kvantify have announced a new partnership under the InnovateUK project named CoaxChem, which aims to develop novel quantum solutions that enhance battery technology. This project represents a significant collaboration within the quantum computing industry, focusing on leveraging quantum solutions to improve battery performance and efficiency. Top Technology Ventures Ltd. plays a key role as a backing entity, highlighting their continuous support and investment in transformative technologies. The collaboration is expected to push the boundaries of current battery technologies by integrating cutting-edge quantum computing methods.

Sectors

  • Quantum Computing
  • Battery Technology

Geography

  • United Kingdom – The project is under InnovateUK, a UK-based innovation agency, and involves OQC, a company likely operating within the UK.

Industry

  • Quantum Computing – The project involves the development of quantum solutions, directly pertaining to advancements in quantum computing.
  • Battery Technology – The focus of the project is on creating innovative solutions for battery technology, making this sector highly relevant.

Financials

    Participants

    NameRoleTypeDescription
    Oxford Quantum Circuits (OQC)Main Partner/DeveloperCompanyOQC is spearheading the development of quantum solutions in the CoaxChem project.
    KvantifyPartnerCompanyKvantify collaborates with OQC in the CoaxChem project to enhance battery technology through quantum solutions.
    Top Technology Ventures Ltd.Investor/BackerPE FirmA private equity firm that supports innovative technology ventures, including the CoaxChem project.