Canvas Category OEM : Diversified
Across the entire range of our businesses, we deliver energy to customers, partners, and communities now and for generations to come to make our future more vibrant and sustainable. We are changing our business infrastructure to improve our business value chains and our ability to secure future growth engines. We are also strengthening our global competitiveness across our existing core businesses while increasing strategic focus on new ones, such as green hydrogen energy, aerospace, future mobility, and digital finance. The pace at which we’re executing on our strategies is matched only by the passion that drives our innovations and efforts to convert promising opportunities into next-generation realities.
🔋 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.
Hanwha Solutions secures 9.7% stake in US battery materials company
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.
South Korea's Hanwha inks $1.5bn deal to buy Daewoo Shipbuilding
Daewoo Shipbuilding, which announced the deal in a regulatory filing Friday, will issue new shares to six Hanwha Group companies through a private placement, giving the group a 49.3% stake to become the largest shareholder. Hanwha Aerospace will invest 1 trillion won and Hanwha Systems, a defense equipment company, will invest 500 billion won. Hanwha, a defense contractor, is looking to expand its scale using Daewoo Shipbuilding’s naval and submarine businesses.