logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Koch Strategic Platforms Leads $102M Series D Funding Investment In 6K To Accelerate Battery Material Production And Recycling

May 12, 2022over 3 years ago

Amount Raised

$102 Million

Round Type

series d

Andover

Description

6K, a leader in the sustainable production of engineered materials for lithium-ion batteries and additive manufacturing produced from its UniMelt® plasma technology, announced today it has raised $102 million in its Series D funding first close. The round was led by Koch Strategic Platforms ("KSP"), a subsidiary of Koch Investments Group, an investment arm of Koch Industries, with participation by investors Energy Impact Partners, Albemarle, HG Ventures, as well as participation by 6K's existing investors. The Series D proceeds will fund production expansion for premium 3D metal powders in its 6K Additive division and accelerate the deployment of cathode production plants in its 6K Energy division.

Company Information

Company

6 K

Location

Andover, Massachusetts, United States

About

6K is opening its $30M Battery Center of Excellence in August 2022 and working through site selection for its first 10-20 GWh cathode plant with production launch in early 2024. 6K press releases are available here: https://www.6kinc.com/about/news/About 6K

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech