HC Starck invests in Nyobolt, an ultra-fast charging and ultra-high power density battery business
Nyobolt is the only known tungsten-intensive battery company approaching commercialization GOSLAR, Germany, July 15, 2022 / PRNewswire / – H.C. Starck Tungsten Powders (“HCS”), a wholly owned subsidiary of Masan High-Tech Materials (“MHT”), today announced the signing of final agreements to invest £ 45m (approximately € 52m) in Nyobolt Limited (“Nyobolt”). , a fast-charging Li-ion battery solution company that utilizes HCS’s advanced tungsten materials in its anode, for a 15% equity ratio on a fully diluted basis. The investment, which represents the majority of Nyobolt’s Series B funding round, is expected to accelerate HCS’s vision of becoming a high-tech, value-addingRead News