Nexeon
Summary active Updated Aug 31, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
About
Nexeon is an Oxfordshire-based developer of silicon-anode battery materials that enable higher-energy-density lithium-ion cells for electric vehicles and consumer electronics 12. Founded in 2006, the company operates a UK-based pilot manufacturing facility for its proprietary silicon anode technology 2. On August 31, 2026, Nexeon announced a £100 million (approximately €116.7 million / $133 million) growth round anchored by the UK’s National Wealth Fund, which contributed £52.6 million (approximately €61.4 million / $70 million) 123.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-31 | Growth | £100M | National Wealth Fund | Korea Development Bank, Honda Xcelerator Ventures 123 |
What Investors Say
Oliver Holbourn, CEO of the National Wealth Fund: “Backing advanced battery technology is key to building a globally competitive EV supply chain in the UK.” 1
What Founders Say
No independently sourced founder quotes available at this time.
Sources
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National Wealth Fund press release, “National Wealth Fund backs UK battery innovator Nexeon in £100m investment round,” August 31, 2026, accessed August 2026. https://www.nationalwealthfund.org.uk/news-and-publications/news/national-wealth-fund-backs-uk-battery-innovator-nexeon-in-100m-investment-round/↩↩↩↩
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EU-Startups, “UK-based BatteryTech firm Nexeon secures €116.7 million with National Wealth Fund backing,” August 31, 2026, accessed August 2026. https://www.eu-startups.com/2026/08/uk-based-batterytech-firm-nexeon-secures-e116-7-million-with-national-wealth-fund-backing↩↩↩↩
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Nexeon company website, “Nexeon raises over $200m to fund battery materials manufacturing” (updated coverage of 2026 round), accessed August 2026. https://www.nexeonglobal.com/media/nexeon-raises-over-usd200m-to-fund-battery-materials-manufacturing↩↩