6K closes $102 million first tranche of Series D
Koch Strategic Platforms led the investment to expand metal powders and accelerate battery-material production.
6K announced a $102 million first close of its Series D financing on May 12, 2022. Koch Strategic Platforms led the investment, joined by Energy Impact Partners, Albemarle, HG Ventures and existing investors.
The company planned a second close that would bring the Series D to around $150 million. The amount secured in this announcement was $102 million.
Capital for battery materials and metal powders
The financing supported production expansion for 3D-printing metal powders and the deployment of battery cathode plants. Both use the Massachusetts company’s UniMelt microwave plasma technology.
6K processes feedstocks into engineered materials for manufacturing and energy storage. Its plans linked an expansion in additive-manufacturing powders with a larger domestic supply chain for battery materials.
Use of funds
Expand additive-manufacturing metal powder production.
Accelerate deployment of battery cathode production plants.