German specialty chemicals company, Evonik, has invested (through its venture capital unit, Evonik Venture Capital (EVC)) in Chinese battery specialist SuperC. The Chinese company develops and produces graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries, aiming to solve key limitations of electric vehicles and accelerate the shift to climate-friendly mobility.
"By investing in SuperC, we are supporting a cutting-edge technology with a promising future. High-performance batteries are a crucial factor in accelerating the electrification of road transport and permanently reducing CO2 emissions," says Bernhard Mohr, head of Evonik's venture capital unit. The investment was made by the Sustainability Tech Fund launched in 2022, which has a total investment volume of €150 million. The Group is thus also strengthening its sustainability goals by investing in an innovative technology and business model. The focus of the fund is on new technologies to reduce emissions as well as innovations that complement Evonik's Next Generation Solutions.