Forge Nano,
Forge Nano provides advanced nano-coating solutions using its proprietary Atomic Layer Deposition (ALD) technology to enhance material performance.
- CEO / Founder
- Paul Lichty
- Team Size
- 51-200
- Stage
- Active
- Total Funding
- $203M
- Latest Round
- Series C
- Key Investors
- RockCreek, Ascent Funds, GM Ventures, Volkswagen, LG Technology Ventures, Hanwha, Mitsui Kinzoku, Sumitomo Corporation of Americas, Air Liquide, Catalus Capital, SBI Investment
Technology & Products
Key Products
["Atomic Armor™ Nanocoatings","ALD-coated battery materials (cathode and anode powders)","Specialty coated powders for 3D printing and other applications","Forge Battery: A wholly-owned subsidiary for U.S-based lithium-ion battery manufacturing"]
Technological Advantage
This scalable technology allows Forge Nano to enhance commodity materials into high-performance products, providing a significant cost and performance advantage, particularly in the competitive battery market.
Differentiation
Value Proposition
Significantly improves the performance, durability, safety, and cost-effectiveness of materials, leading to longer battery lifespans, faster charging, and enhanced material properties for various powders.
How They Differentiate
Forge Nano differentiates through its specialized focus on particle ALD at a commercial scale. Its deep integration into the battery supply chain and strong partnerships with major automotive OEMs provide a significant competitive moat.
Market & Competition
Target Customers
Battery manufacturers (EVs, consumer electronics), automotive OEMs, aerospace companies, and firms in the semiconductor and defense industries.
Industry Verticals
["Automotive","Energy Storage","Consumer Electronics","Aerospace/Defense","Semiconductors","Additive Manufacturing"]
Competitors
Beneq; Veeco; Picosun (part of Applied Materials)
Growth & Milestones
Growth Metrics
Rapidly scaling production capacity and establishing a new battery manufacturing gigafactory in North Carolina. The company reports a significant increase in customer demand and active projects.
Major Milestones
["Acquired ALD NanoSolutions in 2020.","Announced plans in 2023 for 'Forge Battery', a gigafactory in North Carolina for lithium-ion cell production.","Secured $50M in Series C funding in 2023 to scale U.S. battery manufacturing."]
Notable Customers
Volkswagen; General Motors