Battery materials and licensing company developing a range of silicon anodes for the next generation of lithium-ion batteries. Silicon anodes offer up to 10x capacity of carbon. Nexeon has unique nanostructured silicon materials that show high energy capacity with good cycle life. Nexeon has a growing portfolio of patents covering materials and fabrication processes, and has completed the construction and commissioning of its new process development and manufacturing facility in Milton Park, Oxford.

Market Opportunity

Li-ion battery market for consumer electronics was estimated at c. $10bn in 20131. Electric vehicle market is also significant application. Total market by 2020 estimated at $44bn-$73bn2. Current value of carbon anode materials is $0.75bn pa. Silicon operates at higher capacity (1,000mAh/g) so on MWH equivalent basis the market for replacing carbon anodes is 18,000 tonnes pa3 opportunity for silicon. Higher capacity and trend for smaller, feature rich consumer devices supports premium pricing for silicon materials if it enables additional sales.

Scott Brown - CEO

Dr Scott Brown has a strong track record of intellectual property management and licensing, including senior management roles at Cambridge Display Technology (CDT), Sumation and Dow Corning.

Dr Brown has worked in the US and more recently Japan where he worked closely with many of Asia’s leading electronics companies.

Our investment

% share holding

Total funding raised

Carrying value

Imperial College London

Engineering & Materials
Investment stage
post-Series A

Imperial Innovation news

Latest Nexeon news

Key milestones

  • May 2016

    Nexeon raises £30m from a syndicate of investors including Imperial Innovations and Woodford Funds

  • December 2014

    Appointed Dr Antti Vasara, former VP Corporate Strategy, Nokia and Tony Posawatz, an expert in vehicle electrification, appointed as NXDs

  • April 2014

    Nexeon completes commissioning of 20 tonne pilot plant capable of producing 20 tonnes of material per year

  • December 2012

    Nexeon signs JDAs with two major OEMs

  • July 2012

    Appointment of new CFO

    Read more
  • July 2012

    Nexeon selected to appear at London's Science Museum as part of the Make it in Great Britain Challenge

    Read more
  • February 2012

    Nexeon's advanced silicon technology wins two Rushlight awards

    Read more
  • December 2011

    Nexeon begin collaboration with Major Global Automotive OEM

    Read more
  • August 2011

    £40 million funding round led by Imperial Innovations

    Read more
  • December 2010

    World-record Li-ion cell performance announced

    Read more
  • July 2010

    New facilities opened to accelerate technology development and enable production of sufficient quantities of sample material to meet demand

    Read more
  • March 2010

    Nexeon signs Material Evaluation Agreements with major international companies

    Read more
  • March 2010

    Cells containing Nexeon's silicon material complete 500 full charge/discharge cycles, a significant milestone for rechargeable batteries for consumer electronics

    Read more
  • January 2010

    Nexeon receives Technology Strategy Board funding as part of a consortium developing solutions for electric vehicle batteries.

    Read more
  • February 2009

    £10 million funding round led by Imperial Innovations

    Read more
  • April 2007

    £4.25m funding round led by Imperial Innovations

    Read more
  • August 2005

    Nexeon founded

Imperial Innovations key people

Russ  Cummings Russ  Cummings
Russ Cummings Chief Executive Officer View profile

Key people from Nexeon

Scott Brown Scott Brown
Scott Brown Chief Executive Officer View profile
Paul  Atherton Paul  Atherton
Paul Atherton Executive Chairman View profile
Tsuyonobu Hatazawa Tsuyonobu Hatazawa
Tsuyonobu Hatazawa Chief Scientific Officer View profile