Nexeon: Nexeon raises 90m

Nexeon, the Oxfordshire battery materials supplier, has raised £90 million, taking its total funding to £170 million. Nexeon manufactures silicon-based anode materials for rechargeable lithium-ion batteries. Nexeon said it will use the proceeds of the oversubscribed round to expand its own manufacturing capabilities to be able to supply "tens of thousands of metric tonnes annually". ... The post Nexeon raises £90m appeared first on Electronics Weekly.