Denver, CO-based precision nano-coating technology company, Forge Nano, has successfully raised over $50M in funding. This latest funding round, led by renowned investor Hanwha Corporate Venture Capital from Korea, along with participation from OIC, Catalus Capital, Ascent Funds, and existing investors, brings the total amount raised to an impressive $95M. The company aims to utilize these funds to accelerate the growth of its commercial-scale nanotechnology opportunities in battery material development. Additionally, Forge Nano plans to establish a cutting-edge battery production line to fulfill full-scale, premium battery contracts.
Under the leadership of CEO Paul Lichty, Forge Nano specializes in providing proprietary Atomic Armor technology, which enables manufacturers to engineer their materials at the atomic level, resulting in scalable and cost-saving solutions. The advanced coatings produced through the Atomic Armor process enhance a material’s performance at the atomic level, optimizing key battery characteristics such as range, safety, and cycle life.
Forge Nano has been making significant strides in the past year, forging strategic partnerships with leading U.S. material producers and battery off-takers. These partnerships serve as a testament to the capabilities of the company’s nanocoating technology in creating next-generation batteries and strengthening the U.S. domestic battery supply chain.
Exciting plans are already in motion to initiate the construction of a pilot battery production line in Q2 2023. This facility will cater to diverse applications, including aerospace, consumer electronics, defense, and more. Forge Nano’s breakthrough advancements in nanocoating technology are set to revolutionize the industry and position the company as a driving force in battery material development.