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[Asia Economy Reporter Hwang Yoon-joo] NanoCamp Co., Ltd., a startup specializing in solid electrolytes for all-solid-state batteries, has successfully secured pre-Series A investment just four months after its founding.
On the 4th, NanoCamp announced that it had successfully raised 2.4 billion KRW in investment from multiple investors.
NanoCamp was established in April by CEO Choi Jae-man, who worked for over 20 years as a battery materials specialist at Samsung, and Vice President Bae Jin-hwan, a veteran investment reviewer with experience in the materials, parts, and equipment (SoBuJang) and ICT sectors.
NanoCamp is a startup focused on developing solid electrolytes based on a "new composition of sulfide-based electrolytes." It is known for its high technological capabilities in moisture stability and ionic conductivity. Solid electrolytes are key materials for all-solid-state batteries. All-solid-state batteries are called dream batteries as they fundamentally overcome the limitations of secondary batteries, such as explosion and fire risks.
This technology was transferred from the Korea Electronics Technology Institute (KETI), and NanoCamp’s secondary battery materials experts are preparing for commercial manufacturing. The company plans to complete the first phase of its solid electrolyte manufacturing facility by the end of 2023.
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A key stakeholder involved in this investment stated, "Although NanoCamp is an early-stage startup, considering the near-future all-solid-state battery market, we highly evaluated NanoCamp’s commercialization potential with its new composition sulfide-based solid electrolyte technology. We also plan to positively review the upcoming investment round for facility construction soon."
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