Taiwan’s Fubon leads $64 million investment round in Nanotech Energy

Fubon Financial Holding, a Taiwan-based financial services business led by the Tsai family, has led a $64 million investment round in U.S. battery maker Nanotech Energy.

The U.S-based graphene materials supplier and graphene-enhanced batteries developer, Nanotech Energy, will use the new Series D funding to build a graphene battery manufacturing facility in Reno, Nevada and open an European headquarters in Amsterdam. The Reno facility is reportedly due to open in the second half of 2022. Nanotech Energy also plans to increase capacity in its current Chico, California factory for graphene itself, graphene-based conductive inks, adhesives, shielding and silver nanowires.