Today we are proud and pleased to announce that Nanotech Energy has concluded its $27.5 Million Series C Funding round. This round of participation/funding was expected to close at $25 million, yet included a “shoe” to allow for an additional $2.5 million for a total of $27.5 million invested.
Jack Kavanaugh, our chairman and CEO commented:
“This round of funding – with such high-level and committed investors – offers testimony for a significant international market and need for our proprietary battery technology. 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. This round of funding allows us to dramatically expand our production of graphene and battery capacity, as well as our production of conductive epoxies, conductive inks and electromagnetic shielding.”
“Most industries and end users are confined to the technology of lithium batteries, from smartphone and laptop manufacturers to automotive manufacturers to the consumer at large. They are limited to a battery technology that is well-known and documented to be dangerous – highly combustible and flammable. You have advanced and successful industries relying on a dangerous yet vital technology for decades. Nanotech Energy now offers all of these industries a path toward a safe and more powerful battery technology – a game changer for them.”To view our complete press release, click here: https://nanotechenergy.com/press-release/