$20 million in Series A funding for Forge Nano’s precision nano-coatings

18650 Batteries (ChargedEVs) 2

Forge Nano, formerly PneumatiCoat Technologies, is a Colorado-based startup that has developed a technology to enable precision nano-coatings at scale for manufacturing of Li-ion battery materials. The company recently closed a Series A investment of $20 million to expand its manufacturing capacity and fuel its growth.

A nano-coating is an ultra-thin layer that improves how materials perform by engineering surface interfaces one atom at a time. These coatings can be tailored for a variety of benefits from corrosion resistance to improved viscosity and conductivity.

Forge Nano’s mission is to make the use of nano-coatings fast, affordable and scalable. The company claims its coatings can increase cathode material lifetimes more than 250% while enabling larger capacity battery chemistries.

Forge Nano will use the new financing to relocate to a new 12,000-square-foot facility in Louisville, Colorado, and increase manufacturing capacity from the current 30-ton-per-year pilot plant to a 300-ton-per-year production plant. In 2017, the company plans to start work on a 3,000-ton-per-year heavy production plant.

 

Source: Forge Nano