NanoGraf
Assembly Line
Battery Startup NanoGraf Raises $65 Million Series B to Scale North American Production of Silicon Anode Products
NanoGraf, an advanced battery materials company and enabler of the world’s most energy-dense lithium-ion 18650 cell, today announced that it has raised $65 million in an oversubscribed Series B funding round. The funding round was co-led by Volta Energy Technologies and CC Industries (CCI) with participation from Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures, and TechNexus. Existing investors including Hyde Park Angels, Evergreen Climate Innovations, and Goose Capital also participated in the round. NanoGraf had previously raised a total of $27 million in funding from a mix of venture, angel and non-dilutive funding sources.