Albemarle

OEM : Chemical

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Charlotte, North Carolina, United States

NYSE: ALB

We are a values-driven organization and operate our lithium, bromine and refining catalysts businesses with an emphasis on care, courage, curiosity, collaboration, humility, transparency, and integrity. As an ethical and transparent partner, we are committed to operating and growing responsibly as part of a sustainable supply chain that helps our customers reach their sustainability goals. We combine world-class material assets with great talent, technological know-how, and strong customer partnerships to find new and innovative ways to improve essential aspects of life such as clean energy, food and fire safety, and sustainable transportation.

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Koch Strategic Platforms Leads $102M Series D Funding Investment in 6K To Accelerate Battery Material Production and Recycling

Date:

Topics: funding event

Organizations: 6K, Koch, Albemarle

6K, a leader in the sustainable production of engineered materials for lithium-ion batteries and additive manufacturing produced from its UniMelt® plasma technology, announced today it has raised $102 million in its Series D funding first close. The round was led by Koch Strategic Platforms, a subsidiary of Koch Investments Group, an investment arm of Koch Industries, with participation by investors Energy Impact Partners, Albemarle, HG Ventures, as well as participation by 6K’s existing investors. The Series D proceeds will fund production expansion for premium 3D metal powders in its 6K Additive division and accelerate the deployment of cathode production plants in its 6K Energy division.

The $102 million raised is the first of two funding tranches for Series D, which is expected to reach $150 million in total. With an expected close in spring 2022, 6K will add a limited group of strategic investors. 6K is working with partners throughout the supply chain with the intent to build an end-to-end solution, including its partnership with Albemarle for the sustainable production of lithium products, and Heritage/Retriev for the production of cathode from end-of-life batteries. 6K is opening its $30M Battery Center of Excellence in August 2022 and working through site selection for its first 10-20 GWh cathode plant with production launch in early 2024.

Read more at PR Newswire