NanoMech announced that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s national oil company. This capital infusion and new global customer relationship with the largest producer of oil in the world will significantly accelerate NanoMech’s manufacturing of the most advanced nanoengineered and nanomanufactured lubricants, coatings and specialty chemicals, addressing major industries such as energy, transportation, aerospace, manufacturing, automotive, racing, agricultural equipment and military.
