🔋 Forge Nano Raises US $50M to Build Out Battery Production Line to Meet Growing Demand for Premium Batteries
Forge Nano, Inc., a global leader in precision nano-coating technology, today announced the closing of US $50+ million in funding led by key investments from Korea’s Hanwha Corporate Venture Capital with participation from OIC, Catalus Capital, Ascent Funds and existing investors. This funding brings the Company’s total amount of capital raised to-date to more than $95 million.
The financing will allow Forge Nano to capitalize on its already growing commercial-scale nanotechnology opportunities for battery material as well as develop a battery production line to satisfy full-scale, premium battery contracts. Plans are underway to launch construction of the pilot battery production line in Q2 2023 that will support applications including aerospace, consumer electronics, defense and more.