# Nexeon completes €116.7 million round for UK battery-materials expansion

_Monday, August 31, 2026 at 6:42 AM EDT · Products · Latest · Tier 2 — Notable_

![Nexeon completes €116.7 million round for UK battery-materials expansion — Primary](https://www.eu-startups.com/wp-content/uploads/2026/08/Untitled-design-2026-08-31T161000.304.jpg)

Nexeon completed a €116.7 million investment round, including €61.4 million from the UK National Wealth Fund, according to EU-Startups. The Oxfordshire battery-materials company said the funding will support domestic expansion and a UK pilot manufacturing facility for its silicon-based battery materials. It said the pilot will support research and development and expansion of its manufacturing technology unit. The account presents the claimed battery-performance benefits as Nexeon's own statements.

## Sources

- [EU-Startups](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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Retrieved: 2026-08-31T14:49:00.747Z
Publisher: Tech & Business (techandbusiness.org)