$51m raised to accelerate advanced battery material development
Summary
6K, a leader in the production of sustainable advanced materials for energy storage and additive manufacturing powders, announced that it has closed a $51m Series C financing round. And in doing so, we are teaming to solve critical needs of the US and the planet, addressing climate change, supply chain security, and reducing the demand on our fragile and limited resources.” 6K’s mission is to provide a solution for global decarbonisation in the production of performance materials, critical to manufacturing and production infrastructure. “Our investment strategy focuses on technologies that bring a positive impact to the environment and contribute to the rapid adoption of electric vehicles and renewable energy on the grid,” said Mr. Arkin. “Not only does 6K and its UniMelt platform align perfectly to our investment strategy, but the company is well poised to impact advanced material manufacturing for electric vehicle batteries with a solution that changes the dynamic of sustainability in the supply chain for battery materials.” 6K will be using the proceeds of the financing to expand product development and commercial activities across its multiple divisions: 6K is the only premium metal powder supplier for 3D printing produced from sustainable sources, targeting the commercial space, medical, and industrial sectors. 6K has established an advanced R&D team for the development of performance materials including those for applications ranging from semiconductors to electronic packaging to bio-ceramics to name just a few.
Funding
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