Forge Nano announced a $10M investment from GM Ventures, the venture arm of General Motors (GM). The investment adds to its previous $50 million Series C with participation from Hanwha, Orion Infrastructure Capital (ORN), Catalus Capital and Ascent Funds. The GM Ventures investment positions Forge Nano to further enhance its Atomic Armor platform technology, which allows for the application of thin coatings to the surface of materials or objects to enhance the underlying substance’s performance and durability. Forge Nano intends to continue to expand its battery material coating business, which includes in-house active material coating services, external equipment sales and production of Atomic Armor-powered battery cells, as well as expand its footprint in semiconductors.
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