Stirling-based iGii secures €26.5 million to commercialise its proprietary carbon nanomaterial
iGii, a Stirling-based DeepTech advanced materials company behind the proprietary carbon nanomaterial Gii, today announced €26.49 million (£22.7 million) in new funding to accelerate the commercialisation and industrial adoption of its technology. The round comprises a €13.65 million (£11.7 million) Series B investment led by the Scottish National Investment Bank, with additional backing from PXN…
Stirling-based DeepTech materials firm iGii has secured £22.7 million in funding to bring its novel carbon nanomaterial Gii to market. The Series B round of investment, led by Scottish National Investment Bank, includes backing from PXN Ventures and Archangels, as well as £11 million from Scottish Enterprise. CEO Jean-Christophe Granier emphasized that the funding will enable the company to commercialise Gii, a porous three-dimensional carbon nanomaterial grown without mining, and deployed at room temperature to scale for industrial production.
The company highlights Gii's versatility across various sectors, including sensing, heating, and battery electrodes, as a high-performance material platform to differentiate next-generation products. Given growing supply chain pressures and geopolitical concerns, iGii sees its material as a solution to enhance performance while reducing reliance on scarce resources.
With manufacturing capacity already in place to support large-scale production, iGii plans to leverage the investment to accelerate product development, secure long-term supply agreements with major manufacturers, and expand its team to nearly 70 employees by the end of the year.
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