Ingevity Invests $60M in Nexeon to Support Silicon Anode Commercialization

August 2, 2022

Ingevity Corporation has invested $60 million to acquire an equity stake in UK-based Nexeon Limited, a developer of silicon-based anode materials for lithium-ion batteries. The strategic investment supports commercialization and manufacturing scale-up of Nexeon's NSP-2 silicon anode technology and establishes a joint development and long-term activated carbon supply relationship between the companies.

Buyers
Ingevity Corporation
Targets
Nexeon Limited
Industry
Manufacturing
Location
Oxfordshire, United Kingdom
Transaction Type
Growth capital

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