Investment round · Industrial tech
Nexeon completes £100m round with National Wealth Fund backing
A £52.6m commitment completes the battery-materials company’s financing as it expands its UK development operations.
UK development alongside Korean production
Nexeon has brought a volume-production facility online in Gunsan, South Korea. The latest financing builds out the development side of that manufacturing footprint in the UK, where pilot production can support its materials research.
Honda’s participation had already been announced in May. The August announcement records completion of the wider round, bringing together public capital and an automotive shareholder as Nexeon works toward broader commercial adoption.
Use of funds
Build a UK pilot manufacturing facility supporting research and development
Expand the advanced manufacturing technology unit
Funding history
Investment round · This round£100M