6K, a North Andover, MA-based leader in the sustainable production of engineered materials for lithium-ion batteries and additive manufacturing, closed $82M as part of its Series E funding round.
The capital raised was an insider-led investment with investors Anzu Partners, Energy Impact Partners, LaunchCapital, Material Impact, and Volta Energy Technologies.
The company intends to use the funds to scale up production for battery cathode active materials (CAM) and the expansion for additive manufacturing metal powders.
In addition, Dr. Aaron Bent has transitioned out of the position of CEO, handing over to 6K COO Dr. Saurabh Ullal who assumes the role of CEO effective immediately.
6K produces and innovates with UniMelt® microwave plasma technology for the localized production of critical materials. Its UniMelt technology is applied across a vast range of markets, from additive manufacturing (6K Additive) and essential battery materials (6K Energy) to future growth sectors (6K Next). The company is industrially operational and producing critical materials at scale today. 6K’s headquarters and the 6K Energy Battery Center of Excellence are located in North Andover, MA, with 6K Additive’s production facility in Burgettstown, PA, and a full-scale PlusCAM™ battery material manufacturing plant under construction in Jackson, TN.
Incoming board members Beda Bolzenius and Dr. Jeff Chamberlain bring a wealth of real-world expertise to 6K as the company continues the expansion of its production capabilities.
Beda Bolzenius has over 30 years of experience in leadership roles across the global automotive industry in Germany, United States, Mexico, South Africa, China, and Japan. Bolzenius has a deep automotive technical background with strong operational experience in engineering, manufacturing, logistics, and supply chain management. He served as CEO of global manufacturer Marelli and held leadership positions in market-leading companies such as Bosch and Johnson Controls. He will bring corporate and operational expertise and automotive industry insights to his role on the board.
Dr. Chamberlain is the CEO of Volta Energy Technologies, LLC, a venture capital firm launched out of Argonne National Laboratory. Jeff is a proven leader with a long record of industrial product R&D and commercialization success in energy, integrated circuit, and water treatment technology. Dr. Chamberlain’s industrial experience is complemented by his ten years leading the energy storage initiatives at Argonne National Laboratory. In collaboration with the U.S. Department of Energy, Dr. Chamberlain led the effort to successfully transfer advanced battery technology from Argonne to organizations such as LG Chem, BASF, General Motors, Toda Kogyo, General Electric, and others.
FinSMEs
06/09/2024