3 years ago

Nexeon Secures £139m Funding for Battery Materials Manufacturing

  • Oxfordshire-based Nexeon has raised an additional $90m from investors, bringing the total capital raised by the battery materials developer's funding round to $170m (£139.4m).

      • ProblemTechnology

      "Electric vehicles, consumer electronics, wearables and sustainable domestic energy storage systems need batteries that can charge quickly. Current battery technology is not able to meet this demand."

      Solution

      "Nexeon manufactures silicon-based anode materials for rechargeable lithium-ion batteries that are designed for rapid charging. They are working to mass produce these materials to meet the growing demand for faster charging batteries."

      Covered on