6K, a North Andover, MA-based chief in sustainable manufacturing of engineered supplies for lithium-ion batteries and additive manufacturing produced from its UniMelt plasma know-how, raised $102M in Sequence D funding.
The spherical was led by Koch Strategic Platforms with participation from Vitality Influence Companions, Albemarle, and HG Ventures.
The corporate intends to make use of the funds for manufacturing growth for premium 3D steel powders in its Additive division and for the deployment of cathode manufacturing vegetation in its Vitality division.
Led by CEO Aaron Bent, 6K has developed UniMelt, a proprietary superior microwave plasma manufacturing system, to remodel engineered supplies into merchandise that advance industries throughout additive manufacturing, renewable vitality, aerospace, shopper electronics, and extra. 6K’s UniMelt® system replaces a three-day, multi-step, excessive waste chemical co-precipitation (hydro-met) course of with one that’s ultra-clean and ultra-fast (as little as 2 seconds), powered by a 6000K microwave plasma.
The UniMelt methods are already deployed in 24/7 excessive quantity manufacturing in 6K Additive’s 45 acre, ISO9001 licensed facility.
The $102 million raised is the primary of two funding tranches for Sequence D, which is predicted to succeed in $150 million in complete. With an anticipated shut in spring 2022, the corporate will add a restricted group of strategic buyers.