Eqonic Aims to Revolutionize Battery Tech by Solving Supply Chain Issues: Report

UK startup Eqonic is entering the battery technology market, as reported by Forbes, with a strategic focus on addressing fundamental supply chain challenges. CEO Jas Kandola, formerly of Barclays and a seasoned financial services entrepreneur, is pivoting his expertise towards sustainability and decarbonization. Identifying materials and energy as key areas for innovation, Kandola is concentrating Eqonic's efforts on battery technology advancements. Rather than directly competing with established industry leaders such as CATL, BYD, LG, Panasonic, and SK On, Eqonic aims to provide a significant enhancement to the existing market through innovative solutions. The company is prioritizing technology design, specifically targeting critical issues within the battery supply chain. Eqonic's core mission is to mitigate the environmental impact of rare earth material mining, diversify the supply chain, and improve overall sustainability.