InscoBio "Nano Silicon, Successful in Securing New Investment"

KOSPI-listed company InscoV's investee Nano Silicon has successfully secured additional investment funding.

InscoV announced on the 7th that Nano Silicon, a next-generation secondary battery material silicon anode powder (SI Powder) company in which it invested last year, has consecutively succeeded in attracting venture capital investments, resulting in a corporate value surge of more than 5.5 times within about a year, growing to approximately 30 billion KRW.

As the second-largest shareholder of Nano Silicon (with a 22.4% stake), InscoV expects to further strengthen its influence in the secondary battery market thanks to the additional investment funding.

Based on InscoV's equity investment, Nano Silicon has focused on facility and technology investments to secure competitiveness. In May and June, it consecutively succeeded in attracting additional investments from T-Investment and POSCO-affiliated venture capital firms. The additional funds will be used to expand production facilities and for further research and development expenses. The company aims to be listed on KOSDAQ by 2026.

The silicon anode powder produced by Nano Silicon is a core material that determines the capacity, lifespan, and fast charging capability of secondary batteries. Compared to conventional graphite-based anode materials, it has more than 10 times higher energy density, leading to a rapid increase in market share. According to energy-specialized market research firm SNE Research, the lithium battery anode material market is expected to grow from approximately 10.6 trillion KRW in 2023 to 22.6 trillion KRW by 2030.

Nano Silicon has succeeded in commercializing silicon anode material products with competitive price and quality by recycling solar photovoltaic waste sludge resources using its proprietary technology. It currently supplies major secondary battery anode material companies P, H, and S, and is also pursuing supply to Japan. Notably, it holds two patents related to the anode recovery process using silicon waste sludge discharged from solar photovoltaic processes as core technologies. By the end of 2024, it plans to file patent applications for 10 patents.

An InscoV representative said, “InscoV has invested in various fields based on future technologies and growth potential,” adding, “Through this additional investment, Nano Silicon has laid the foundation to further strengthen its competitiveness in the secondary battery market.”