Forge nano receives $10m investment from gm ventures to pursue gm battery material enhancements for future electric vehicles

Denver, oct. 16, 2024 (globe newswire) -- forge nano, inc., a materials science company that uses its atomic armor™ atomic layer deposition technology to optimize material performance to enable better products, today announced a $10m investment from gm ventures, the venture arm of general motors (nyse: gm). the investment adds to its previous $50 million series c with participation from hanwha (krx: 000880), orion infrastructure capital (nyse: orn), catalus capital and ascent funds. the company has raised more than $100 million to date with additional investments from volkswagen (otc: vwagy), mitsui kinzoku (otc: mmsmy), lg technology ventures (krx: 003550), sumitomo corporation of americas (otc: ssumf), air liquide (otc: aiquy) and sbi investment (otc: sbhgf).
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