Nanotech Energy, a Los Angeles, CA-based manufacturer of graphene and producer of non-flammable, graphene-based batteries, raisedĀ $64m in Series D funding at aĀ $550mĀ post-money valuation.
The round, which brought the total amount raised to date by Nanotech Energy toĀ $94.9m, was led byĀ TaiwaneseĀ financial services companyĀ Fubon Financial Holding Co.
The company will use the funds to accelerate international expansion, including the launch of its EU headquarters inĀ Amsterdam, and to develop a new high-volume graphene battery manufacturing facility inĀ Reno, Nevada. The manufacturing facility is expected to open in late 2022. Nanotech Energy also plans to increase capacity in its currentĀ Chico, CaliforniaĀ factory for graphene itself, graphene-based conductive inks, adhesives, EMI shielding and silver nanowires.Ā
Founded in 2014 by Dr.Ā Jack KavanaughĀ and notedĀ UCLAĀ scientists Dr.Ā Richard KanerĀ and Dr.Ā 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