XG Sciences, Inc., a Lansing, MI-based manufacturer of energy storage materials, closed on a strategic investment led by Samsung Ventures Investment Corporation (Samsung Ventures).
The amount of the deal was not disclosed.
The company intends to use the proceeds for additional research and development of its advanced materials.
Philip Rose, XG Sciences CEO, XG Sciences is a supplier of graphene nanoplatelets and custom, graphene-based products to global corporations serving energy storage, aerospace, automotive, industrial and consumer markets.
In addition to electrode materials, the company makes thermal management materials, and electrically and thermally conductive inks, coatings and adhesives based on its graphene nanoplatelets.