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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