Nanotech Energy, a Los Angeles, CA-based manufacturer of graphene and producer of non-flammable, graphene-based batteries, raised $64m in Series D funding at a $550m post-money valuation.
The round, which brought the total amount raised to date by Nanotech Energy to $94.9m, was led by Taiwanese financial services company Fubon Financial Holding Co.
The company will use the funds to accelerate international expansion, including the launch of its EU headquarters in Amsterdam, and to develop a new high-volume graphene battery manufacturing facility in Reno, Nevada. The manufacturing facility is expected to open in late 2022. Nanotech Energy also plans to increase capacity in its current Chico, California factory for graphene itself, graphene-based conductive inks, adhesives, EMI shielding and silver nanowires.
Founded in 2014 by Dr. Jack Kavanaugh and noted UCLA scientists Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Energy is advancing graphene-based, energy storage products to be used in multiple applications, including non-flammable batteries, transparent conducting electrodes, conductive inks, printed electronics, conductive epoxy, antistatic coatings and EMI (electromagnetic interference) shielding.
FinSMEs
10/08/2021