The European Investment Bank has provided a €20 million quasi-equity loan to Graphenix Development Inc. to support the development of innovative silicon anode technology for electric vehicles.

Target Company Overview

Graphenix Development Inc. (GDI) is a US-based company headquartered in New York, with an affiliate located in the Netherlands. GDI focuses on advancing next-generation energy storage technologies, specifically the development of silicon anode technology for lithium-ion batteries. This innovative approach aims to improve the energy density and charging capabilities of electric vehicle batteries, ultimately contributing to the decarbonization of the transport sector. GDI is currently establishing a pilot production facility in Lauenförde, Germany, aimed at scaling up the production of its silicon anodes to an industrial level.

The company has collaborated with AGC Glass Europe, which operates a glass-coating production facility in Lauenförde, to leverage advanced manufacturing techniques and expertise. This partnership aligns with GDI's goals of rapidly advancing its production capabilities, allowing for the development of 100% silicon anodes that promise to revolutionize battery technology.

Industry Overview in Germany

The electric vehicle (EV) industry in Germany is witnessing significant growth as the country seeks to enhance its commitment to sustainable transportation and meet environmental goals. With Germany being one of