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Nanotech Energy Closes $27.5 Million Funding Round; Valuation Tops $227 Million

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GENERAL

Nanotech Energy Closes $27.5 Million Funding Round; Valuation Tops $227 Million

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Nanotech Energy, the graphene technology startup calling itself “the world’s top supplier of graphene,” has closed a big funding round of $27.5 million from undisclosed investors. The cash infusion is an apparent vote of confidence in the company’s ability to deliver on its promise of releasing a non-flammable lithium battery that charges “18 times faster than anything available on the market” within the next year.

Jack Kavanaugh, CEO of Nanotech Energy, told pv magazine in an interview: “We are confident that we have a one-of-a-kind, industry-changing product that will impact the technologies and bottom lines of multiple end-user markets.”

Graphene’s unique properties make it an excellent conductor, and it’s long been seen as a prized material in the world of advanced batteries and electronics. Using graphene provides a better surface area for electric conductivity in lithium-ion batteries’ anodes and cathodes. 

Nanotech Energy’s method involves a graphene ink that can be coated on almost any surface. The company has made some big claims that if proven true would be a game-changer for the future of graphene as a key component in advanced lithium batteries.

Photo by NeONBRAND on Unsplash

Chris Nesi

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