GLy Capital Management's GLy New Mobility Fund has participated in Nexeon's $200 million Series D round to accelerate the production of advanced silicon-based anode materials for lithium-ion batteries.

Information on the Target

Nexeon is a global leader in the development and manufacturing of innovative silicon-based anode materials for rechargeable lithium-ion batteries. These advanced materials are pivotal in enhancing battery performance, resulting in lighter batteries that offer increased power and extended lifespan between charges. Nexeon's cutting-edge technology contributes significantly to the ongoing evolution of energy storage solutions.

Headquartered in Oxfordshire, Nexeon also has operations in Japan, employing a highly skilled multidisciplinary team with diverse expertise to drive its research and development efforts forward. The company's products cater to various markets, including electric vehicles, thereby supporting the global transition towards cleaner energy consumption.

Industry Overview in the Target’s Specific Country

The battery materials industry in the United Kingdom is witnessing rapid growth, driven by the increasing demand for electric vehicles and renewable energy solutions. T