Nexeon

Investor: National Wealth Fund, Korea Development Bank, Honda Xcelerator Ventures

Oxfordshire-headquartered advanced battery materials pioneer Nexeon has closed a landmark £100 million ($133 million / €116.7 million) growth investment round anchored by a £52.6 million commitment from the UK National Wealth Fund. Summary of transaction details: Value: £100 million ($133 million / €116.7 million) Growth Equity round. Sector: CleanTech & Energy / BatteryTech / Advanced Materials. Lead / Strategic Investors: National Wealth Fund (£52.6 million cornerstone commitment), Korea Development Bank (KDB), and Honda Xcelerator Ventures (the venture arm of Honda Motor Co.). Key Entities: Target: Nexeon Limited; Lead Backers: National Wealth Fund, Korea Development Bank, Honda Xcelerator Ventures; Historical Investors: Ingevity, SKC, SJL Partners, GLY Mobility Fund, Daishin Private Equity, Shinhan Investments; Key Executives: Dr. Scott Brown (CEO), Oliver Holbourn (CEO, National Wealth Fund). Location: Abingdon, Oxfordshire, UK (HQ) and Gunsan, South Korea (Commercial Plant). Note: Founded in 2006 out of Imperial College London research, Nexeon is an innovator in silicon-based anode materials for next-generation lithium-ion batteries. While traditional EV batteries rely heavily on conventional graphite anodes, silicon offers a significantly higher theoretical energy capacity. Nexeon’s proprietary silicon-carbon composite materials drop directly into standard cell manufacturing lines—compatible across cylindrical, prismatic, and pouch formats—to deliver higher cell energy density, dramatically faster charging speeds, and extended vehicle driving ranges. Backed by an intellectual property portfolio exceeding 290 global patents and having brought online the world's first volume production plant for silicon-carbon battery materials in Gunsan, South Korea, Nexeon will deploy this £100m capital layer to construct a new UK-based pilot manufacturing facility, expand its advanced manufacturing engineering center in Oxfordshire, and accelerate commercial delivery pipelines with Tier-1 automotive and cell manufacturing partners.

Investor: Ingevity Corporation

Investor: Imperial Innovations Limited, Woodford Investment Management, Invesco

Investor: Wacker Chemie

Investor: Invesco, Imperial Innovations Limited