Global: Daikin Invests in OCSiAl to Globally Accelerate Application Development of Lithium Ion Battery Materials for EV

July 27th, 2021

First investment in a chemical startup in its CVC activities

Daikin Industries, Ltd. has recently invested in OCSiAl S.A., a Luxembourg startup company, by underwriting a capital increase through a third-party allocation of shares.

OCSiAl is the world’s largest manufacturer of single wall carbon nanotubes and a unicorn company whose valuation is circa 2 billion USD. Since 2018, Daikin Chemicals division has been collaborating with OCSiAl to develop applications in the fluorochemical business for lithium-ion battery materials as well as composite materials.