USA – NanoGraf, a Chicago, IL-based battery materials company, raised $65M in Series B funding.
The round was led by Volta Energy Technologies and CC Industries (CCI) with participation from Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures, TechNexus, Hyde Park Angels, Evergreen Climate Innovations, and Goose Capital.The company intends to use the funds to accelerate growth, expand operations and its business reach.Led by CEO Dr. Francis Wang, NanoGraf is an advanced battery material company whose patented silicon-anode technology enables long-lasting, high-energy, and high-power lithium-ion batteries. NanoGraf works with more than 50 companies, including some of the world’s leading consumer electronics, household appliance, and power tool brands, and over 12 strategic partners in electric mobility (from startups to Fortune 100s). The Series B funding comes soon after $10m contract from the U.S. Government to develop the first large-volume silicon oxide anode manufacturing facility in the Midwest. It is a spinout of Northwestern University and Argonne National Laboratory. 15/02/2023
