Nano Camp Secures KRW 25.9 Billion funding for Advanced Solid-State Battery Technology
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Nano Camp, a South Korean startup specializing in the development of core materials for solid-state batteries, has successfully attracted an investment from the Technology Guarantee Fund, bringing their total investment to 25.9 billion Korean won.
This recent funding, following a Series A investment round earlier this year, is part of the Technology Guarantee Fund’s program that links guarantees to investments for companies demonstrating outstanding technological and business potential. In addition to direct investment, a separate 2 billion won support through guaranteed funds, based on technical evaluations, was also provided.
Established in April 2022, Nano Camp is gearing up for the production of solid-state electrolytes, a crucial component for solid-state batteries. Nano Camp’s electrolyte stands out within the sulfide series, attracting attention from many solid-state battery companies. It addresses the shortcomings of low moisture stability associated with sulfide series, offering a unique composition.
Solid-state batteries, recognized as the “next-gen batteries,” hold promise in overcoming inherent limitations of secondary batteries, such as explosion and fire hazards, thanks to their excellent safety features and energy density.
Bae Jin-hwan, Vice President of Nano Camp, expressed, “The additional funding secured this time will significantly contribute to the early stabilization of our solid-state electrolyte manufacturing facility under construction in the Dongchunju Industrial Complex in Chungju City. We aim to complete construction by the first half of 2024.” He further highlighted, “Currently, Nano Camp is fully focused on preparatory work to elevate product quality, in tandem with ongoing facility construction.”
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