Forge Nano Unveils Plans for U.S.-Based Lithium-Ion Battery Gigafactory in North Carolina, Set to Launch in 2026

Forge Nano, Inc. has announced its venture into lithium-ion battery manufacturing with the creation of Forge Battery. The company plans to establish a Gigafactory in Raleigh, North Carolina, targeting defense, aerospace, and specialty electric vehicle markets. With an initial investment of over $165M, the facility, operational by 2026, will produce batteries utilizing Forge Nano’s Atomic Armor surface technology, enhancing energy density, safety, and lifespan. 

This technology is expected to surpass existing lithium-ion cells in performance. The North Carolina facility, benefiting from state incentives and a Job Development Investment Grant, promises significant economic benefits, including hundreds of high-paying jobs and substantial tax revenue to support local communities. The groundbreaking event is scheduled for the first half of 2024.

• Forge Nano has raised $81.54M over 10 rounds.
• Forge Nano's latest funding round was a Series C for on May 30, 2023.

Source:

Forge Nano to Launch U.S Battery Manufacturing Business; North Carolina Gigafactory Planned for 2026 - Forge Nano

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