Aramco Ventures invests in GraphEnergyTech's seed funding round

GraphEnergyTech, a UK-Swiss deeptech firm specializing in metal-free electrodes, has achieved the first close of its seed funding round with Aramco Ventures as a key investor. The company aims to raise up to £3 million to enhance the development, scaling, and commercialization of its innovative electrode technology.

Originating from research at EPFL and Cambridge University, GraphEnergyTech (GET) is a spin-off that emerged from the work of perovskite expert Michael Grätzel and the Cambridge Graphene Centre. The company focuses on creating highly conductive carbon- and graphene-based inks and pastes for advanced energy and electronic applications. By utilizing carbon, GET can produce electrodes without relying on gold and silver, thereby avoiding the volatility of metal markets while ensuring efficiency and durability. Initially successful in developing sustainable solar panel solutions, GET is now extending its technology to other areas such as fuel cells, heating technologies, and printed electronics.

The seed funding will support GET's ongoing technology development, industrial validation, and commercialization efforts as it strengthens collaborations with global industrial partners. The first tranche of funding has been secured, with Aramco Ventures continuing its support alongside existing shareholders and new business angels, including investors from Canada.

GET has also benefited from significant grants such as Horizon Europe, Innovate UK, and Innosuisse, in addition to a pre-seed round of £1 million, also led by Aramco Ventures.

Thomas Baumeler, CEO and co-founder of GraphEnergyTech, expressed his satisfaction: “We are delighted to have secured this first close and grateful for the continued support of Aramco Ventures and our new angel investors. This funding will help us accelerate the development and commercialization of our graphene-based electrode technologies, as we work with industrial partners to bring more resilient and cost-effective solutions to market.”

Zayed Alamri, Executive Managing Director of Aramco Ventures, stated: “We continue to back GraphEnergyTech as the team advances the development and commercialization of its graphene-based electrode technology. We see potential for this technology to support various industries and reduce the reliance on expensive metallic electrode technologies.”

GraphEnergyTech's seed round remains open to additional investors, with the company aiming for a total of £3 million in funding. Interested investors are encouraged to contact the GET team for further discussions.

The H1 2026 update provides an analysis of investment in Swiss start-ups during the first half of the year and offers insights into the current sentiment among venture capital investors. A 16-page PDF is available for download in our assets section.