Assembly Line

Nexeon raises over $200m to fund battery materials manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nexeon, SKC

Further to the announcement of its strategic partnership with and investment from SKC on 26th January 2022, Nexeon, a battery materials developer and manufacturer, has completed the second round of its fundraising, resulting in a total investment of $170m. The capital raised will provide Nexeon with further resources to accelerate the expansion of its own manufacturing capabilities to mass produce tens of thousands of metric tonnes annually of its silicon-based anode materials for use in rechargeable Lithium-ion batteries.

Read more at Electronic Specifier