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Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses

GlobeNewswire LogoGlobeNewswire1d ago

Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses - GlobeNewswire

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We look forward to expanding our domestic workforce as we scale our production capabilities and grow our customer base.” Forge Nano operates two high-growth business units that can directly impact the United States’ advanced manufacturing competitiveness: U.S.-Made, High-Performance Lithium-Ion Batteries:Forge Battery, the commercial lithium-ion battery production subsidiary of Forge Nano, designs and manufactures lithium-ion cells with industry-leading energy density that incorporate critical minerals coated using Forge Nano’s Atomic Armor™ technology.

Funding round led by RockCreek and Ascent Funds to advance energy independence and national competitivenessCapital investment into Forge Nano now exceeds $140M; RockCreek joins GM, VW, LG and Hanwha as shareholders DENVER, April 29, 2025 (GLOBE NEWSWIRE) -- Forge Nano, Inc., a technology company pioneering domestic battery and semiconductor innovations, today announced the successful close of $40 million in new funding.

"Forge Nano’s proprietary technology demonstrates that America continues to be the leader in innovation. Forge’s Atomic Armor significantly improves most battery chemistries with higher energy density, longer cycle life, faster charge speed, and lower risk of thermal runway,” said Mark Gordon, Managing Partner of Ascent Funds. "For semiconductors, Forge’s ALD removes a bottleneck to 3D chip stacking, allowing up to a 50% reduction in energy usage by chips.

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Article Details

Author / Journalist: Forge Nano

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 13:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28286096

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 91 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #116

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