National Wealth Fund backs UK battery innovator Nexeon in £100m investment round
Nexeon Ltd, a leading developer of advanced silicon-based battery materials, today announces it has secured backing from the National Wealth Fund to support the expansion of its domestic operations, strengthening the UK’s battery supply chain, creating jobs and boosting growth. The National Wealth Fund’s commitment of £52.6 million ($70 million) marks the completion of Nexeon’s latest investment round totalling £100 million ($133 million).
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