Assembly Line

Hanwha Solutions secures 9.7% stake in US battery materials company

📅 Date:

✍️ Author: Ik-Hwan Kim

🔖 Topics: Funding Event

🏢 Organizations: Hanwha, Ampcera

Hanwha Solutions Corp., a South Korean company focused on energy services, petrochemicals and real estate development, recently acquired a 9.73% stake in Ampcera Inc., a US-based startup that develops solid-state battery materials. As per Hanwha Solutions’ business report filed with the Financial Supervisory Service’s electronic disclosure system on Monday, the company participated in Ampcera’s $15 million Series A funding round last December, aimed at expanding the production of solid-state battery materials.

Read more at Korea Economic Daily