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NMG Announces the Successful Closing of the US$50 Million Tranche 1 Investment by GM and Panasonic

PUBLIC · NMGFeb 28, 2024

Amount Raised

$50 Million

Round Type

Venture

MontrealOtherManufacturingEnergySustainabilityScience And Engineering

Investors

Panasonic Holdings CorporationGeneral Motors Holdings Llc

Description

Nouveau Monde Graphite Inc. announces the successful closing of the US$50 million Tranche 1 investment by GM and Panasonic, with 25,000,000 common shares and 25,000,000 common share purchase warrants issued. The proceeds will be used to support the advancement of Phase-2 operations. The company also anticipates closing a private placement for US$37.5 million with Mitsui & Co., Ltd

Quick answer

Nouveau Monde Graphite raised $50 Million in a funding round, dated February 28, 2024. Investors: Panasonic Holdings Corporation and General Motors Holdings Llc. Nouveau Monde Graphite is based in Montreal, Quebec, Canada.

How much did Nouveau Monde Graphite raise?
Nouveau Monde Graphite raised $50 Million in a funding round on February 28, 2024.
Who invested in Nouveau Monde Graphite?
Panasonic Holdings Corporation and General Motors Holdings Llc are named as investors in this round.
What does Nouveau Monde Graphite do?
NMG is striving to become a key contributor to the sustainable energy revolution.
Where is Nouveau Monde Graphite based and how big is it?
Nouveau Monde Graphite is based in Montreal, Quebec, Canada.
Who are the decision-makers at Nouveau Monde Graphite?
Fundz holds 4 contacts at Nouveau Monde Graphite, including the VP Chef Ingénieure Infrastructure & Environnement. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Nouveau Monde Graphite that raised within 45 days of this round, from Fundz verified event records.

  • RAVEN SR raised $15M on April 2, 2024.
  • Lucid Group raised $1B (Funding Round) on March 25, 2024.
  • 22nd Century raised $4.2M (Seed) on April 8, 2024.
  • Agility Robotics raised $150M (Series B) on April 4, 2024.
  • Duos Technologies raised $3M (Seed) on March 22, 2024.
  • Endolith raised $5.3M on March 21, 2024.

Who to call at Nouveau Monde Graphite, and when

A new round usually means Nouveau Monde Graphite is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Nouveau Monde Graphite raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Nouveau Monde Graphite, from your own LinkedIn network

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Company Information

Company

Nouveau Monde Graphite

Location

Montreal, Quebec, Canada

About

NMG is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada, for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (ESG) standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. NMG is listed on the NYSE under the symbol “NMG” and on the TSX-V under the symbol “NOU”.

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Related People

4 contacts
Verified contactsMartine P., VP Chef Ingénieure Infrastructure & Env… hidden hidden hiddenSee plans and pricing
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Nouveau Monde Graphite raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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