Nexeon
Nexeon Ltd. is a UK-based materials science company that develops and manufactures silicon-carbon composite anode materials (NSP2™) for lithium-ion batteries, supplying automotive OEMs and battery cell manufacturers as a drop-in graphite replacement that increases energy density and reduces pack cost.
- Company typePrivate
- Founded2009
- HeadquartersAbingdon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nexeon does
Nexeon Ltd. is a UK-headquartered materials science company developing proprietary silicon-carbon composite anode materials — marketed under the NSP2™ brand — for use in lithium-ion batteries. The company's core technology addresses the silicon expansion problem that historically limited silicon anode adoption, enabling anode materials that hold approximately ten times the lithium ions of graphite. NSP2™ is positioned as a drop-in replacement for graphite in existing cell manufacturing, enabling roughly 50% volume reduction for equivalent performance, 20–40% EV range improvement, and up to 20% battery pack cost savings. Nexeon holds over 170 granted patents covering composition and process IP, and its materials target applications across electric vehicles, consumer electronics, wearable devices, medical devices, and stationary energy storage.
The company's commercial model centers on direct enterprise sales of silicon anode materials to automotive OEMs and battery cell manufacturers, supplemented by technology licensing. Named commercial anchors include Panasonic, which is using NSP2™ at its $4 billion EV battery facility in De Soto, Kansas, and Honda, which has taken a strategic equity stake through Honda Xcelerator Ventures and is integrating NSP2™ into its 0 Series EV lineup. Strategic financial backers include SKC, Ingevity Corporation, and other private equity investors, alongside supply partners such as OCI (Korea) for mass-production scaling. The company employs 101–250 staff and operates from UK headquarters.
Manufacturing scale-up is anchored by the Gunsan, South Korea facility, which reached production-ready status in December 2025 and is described as the first volume production facility globally for blended silicon-carbon anode materials. UK-based expansion is supported by approximately £2 million in funding from the Automotive Transformation Fund. Nexeon has been funded through multiple venture and strategic rounds since 2011, with cumulative capital raised on the order of $280 million+ across investors including Imperial Innovations, Invesco, Woodford Investment Management, SKC, Ingevity, Daishin Securities, Gly Capital Management, IP Group, Shinhan Investment, Salica, and Honda.
Nexeon firmographics
Firmographics- Name
- Nexeon
- Legal name
- Nexeon Ltd.
- Website
- https://nexeon.co.uk
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nexeon Ltd. is a UK-based materials science company that develops and manufactures silicon-carbon composite anode materials (NSP2™) for lithium-ion batteries, supplying automotive OEMs and battery cell manufacturers as a drop-in graphite replacement that increases energy density and reduces pack cost.
- Ownership category
- akta.pro rank
Nexeon industry classification
Industry- Product category
- Battery Materials
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)
- akta.pro secondary industry
- Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)
Keywords
Where Nexeon is headquartered
LocationHeadquarters
- HQ city
- Abingdon
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Nexeon business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Silicon Anode Material Sales: Nexeon sells its proprietary silicon-carbon composite anode materials (NSP2™) to battery manufacturers for use in lithium-ion battery production. Materials are sold as volume-ready products for integration into EV, consumer electronics, wearable, medical device, and energy storage batteries.
- Technology Licensing: Nexeon licenses its silicon anode technology and patents to battery manufacturers and OEMs seeking to integrate high-energy-density anode materials into their products.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Nexeon product offering
Product offeringCore offering
Nexeon develops and manufactures proprietary silicon-carbon composite anode materials, marketed as NSP2™, which are designed as drop-in replacements for graphite in traditional lithium-ion battery cells. The materials enable up to approximately 50% higher energy density (Wh/l), 20–40% EV range improvement, and up to 20% battery pack cost reduction, and are sold to battery manufacturers and automotive OEMs for integration into EVs, consumer electronics, wearables, medical devices, and energy storage systems. Nexeon also licenses its silicon anode technology and patents to qualified partners.
Product overview
Nexeon is a materials science company offering silicon-based anode materials for lithium-ion batteries. The core product is the NSP2™ material, a silicon-carbon composite that serves as a drop-in replacement for graphite in traditional battery cells. This technology dramatically increases energy density, enabling battery manufacturers to achieve 20-40% range improvement in EVs while reducing pack size and cost. The materials target applications across electric vehicles, wearable devices, medical devices, consumer electronics, and energy storage systems.
Differentiator
Problem solved
Functional benefit
Brands
- NSP2™: Nexeon's silicon anode material that can replace graphite in traditional lithium-ion battery cells, delivering approximately 50% volume reduction for same performance.
Products and services
- NSP2™ Silicon Anode Material Proprietary silicon-carbon composite anode material designed as a drop-in replacement for graphite in lithium-ion battery cells. Enables up to ~50% higher energy density (Wh/l), 20–40% EV range improvement, and up to 20% battery pack cost reduction, with applications in EVs, consumer electronics, wearables, medical devices, and energy storage systems.
- Silicon Anode Technology Licensing Licensing of Nexeon's proprietary silicon anode technology and patents to battery manufacturers and OEMs for integration of high-energy-density anode materials into their lithium-ion battery products.
Quantifiable outcome
- Up to ~50% increase in battery energy density (Wh/l)
- +4 more outcomes
Companies that use Nexeon
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Nexeon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nexeon partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- OCIcoreOCI, a South Korean chemicals company, entered into a long-term supply agreement with Nexeon to begin mass production of silicon anode materials for secondary batteries. OCI will produce the materials under this agreement, integrating Nexeon's technology into OCI's manufacturing capabilities to support Nexeon's supply chain scale-up.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Nexeon competitors and assessment
Company assessmentDirect peers
- Sila Nanotechnologies: US-based developer of silicon-based anode materials for lithium-ion batteries, directly competing with Nexeon in the same product category. Has secured major automotive partnerships including Mercedes-Benz for next-gen EV batteries, making it the most direct head-to-head competitor.
- Group14 Technologies: US-based manufacturer of silicon battery anode materials (silicon-carbon composite), competing directly with Nexeon in EV and consumer electronics applications. Backed by Porsche, SK Group, and Microsoft, and operates a commercial-scale BAM factory.
- Amprius Technologies: US-based company developing and manufacturing silicon anode lithium-ion batteries using silicon nanowire technology. While more vertically integrated than Nexeon (cells vs. materials), they target the same EV and aviation markets with silicon-based energy storage solutions.
- Enevate: US-based silicon-dominant anode technology company developing fast-charging Li-ion battery materials. Focused on similar EV and consumer electronics applications and competes for similar OEM relationships with silicon anode solutions.
Emerging players
- Enovix: US-based battery technology company developing 100% active silicon anode batteries with a unique 3D cell architecture. Targets similar consumer electronics and EV applications but uses a different cell design and manufacturing approach.
- NEO Battery Materials: Canadian company developing silicon anode materials for lithium-ion batteries with a focus on cost-effective, scalable production. Targets EV and energy storage markets with similar drop-in silicon material products.
- Solid Power: US-based developer of solid-state battery technology backed by BMW and Ford. While focused on solid-state rather than silicon anodes specifically, they compete for similar next-generation battery materials partnerships with major automotive OEMs.
Others
- Targray Technology International: Canada-based supplier and distributor of battery raw materials including silicon anode materials. Functions as a supply chain intermediary in the same value chain as Nexeon, distributing competing materials to battery manufacturers.
- Wacker Chemie: German specialty chemicals company and historical investor in Nexeon (2013). Produces silicon products including polysilicon and silicones used in semiconductor and battery applications, making it both a former financial partner and adjacent materials supplier.
Broad incumbents
- POSCO Future M: South Korean materials giant (subsidiary of POSCO Holdings) producing battery materials including anode materials. Operates as a major incumbent in the broader battery materials supply chain that Nexeon participates in, with significant scale advantages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Nexeon social profiles
Digital presenceNexeon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nexeon leadership team
Management profileNumber of profiles
Profiles5 records
Nexeon funding detail
Funding detailFunding overview
Funding rounds10 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nexeon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nexeon
What does Nexeon do?
Nexeon develops and manufactures proprietary silicon-carbon composite anode materials, marketed as NSP2™, which are designed as drop-in replacements for graphite in traditional lithium-ion battery cells. The materials enable up to approximately 50% higher energy density (Wh/l), 20–40% EV range improvement, and up to 20% battery pack cost reduction, and are sold to battery manufacturers and automotive OEMs for integration into EVs, consumer electronics, wearables, medical devices, and energy storage systems. Nexeon also licenses its silicon anode technology and patents to qualified partners.
Is Nexeon a public or private company?
Nexeon is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nexeon founded?
Nexeon was founded in 2009. It employs 101 to 250 people.
Where is Nexeon based?
Nexeon is headquartered in Abingdon, United Kingdom, in the Europe region.
How does Nexeon make money?
Two revenue lines are on record. Silicon Anode Material Sales are the primary driver. The others are technology Licensing.
Who are Nexeon's main competitors?
Direct peers on record are Sila Nanotechnologies, Group14 Technologies, Amprius Technologies and Enevate. Emerging players are Enovix, NEO Battery Materials and Solid Power. Others are Targray Technology International and Wacker Chemie. POSCO Future M is listed as a broad incumbent.
Does Nexeon have an API?
No public API is recorded for Nexeon.
What industry is Nexeon in?
Nexeon's product category is Battery Materials. Its primary akta.pro industry code is EUAFABAC, Anode Materials Manufacturing (Graphite, Silicon, LTO), with a secondary code of IMAGAHAA, Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH). Its NAICS code is 33591 and its SIC code is 3600.