Cnano Technology Limited, a Chinese manufacturer of multi-wall carbon nanotubes (MWCNT) products for the energy storage, structural and electronics industries, completed a $15m Series C funding.
The round was led by GRC SinoGreen Fund, with participation from Hotung Investment Holdings Limited, Pangaea Ventures, Presidio Partners, WI Harper Group, IDG Capital Partners and Megatop Capitals.
The company intends to use the funds to expand its carbon nanotubes manufacturing operation in Zhenjiang, Jiangsu, China.
Led by Dr. Tao Zheng, President and CEO, Cnan is a manufacturer and developer of multi-wall carbon nanotubes based products for lithium-ion batteries and other applications that include products for the structural and electronics markets. The company maintains an R&D centre in Beijing and operates production lines in Zhenjiang, Jiangsu, China.