Chinese new energy materials supplier Nanopore bags nearly 1 billion yuan in Series A+ financing

Shanghai (Gasgoo)- Chinese new energy materials supplier Yangzhou Nanopore Innovative Materials Technology Co., Ltd. (Nanopore) has completed its Series A+ funding, which raised for the company nearly 1 billion yuan, according to a post the company issued on January 27 via its WeChat account.

The fresh round was led by Temasek, with the participation of existing shareholders including China Capital Investment Group, Chobe Capital, and Glory Ventures. Meanwhile, the company roped in renowned international investors in this round such as the Oppenheimer, TPC Group, and Beyond Ventures.

Founded in 2021, Nanopore specializes in the R&D and production of advanced composite current collectors. To be specific, the company focuses on offering such products as composite copper foil, composite aluminum foil, and nano-coated current collectors. These materials, characterized by cost efficiency, enhanced safety, and improved battery energy density, are widely applied in new energy vehicle, energy storage battery, and emerging consumer electronics sectors. Notably, their integration into NEV batteries is a standout, providing NEVs with high energy density and improved safety performance.

In April 2023, Nanopore broke ground on its Phase II project in Yangzhou city, Jiangsu province, with a total planned investment of 11.2 billion yuan. The initiative aims to establish a new energy materials industrial park focused on producing next-generation battery current collector materials. Upon full operation, the facility is expected to deliver an annual output of 5 billion square meters of atomically deposited aluminum, atomically deposited copper, and nano-coated current collectors. The company said that construction of the Phase II project is nearing completion and set to be put into operation, providing material support for the battery demand in the NEV sector and beyond.