Haydale announced that it has raised £5.1 million (almost $7 million USD) in an oversubscribed share offer.

The company says that the new funds will be used to fund general working capital needs of the business, support the scaling up of manufacturing capacity and drive forward product rollout into the US market.

Haydale recently announced that its graphene inks were used in garments worn by British athletes at the Tokyo Olympic Games. Haydale also filed a joint patent with Airbus, generated by Haydale and Airbus under the multi-party NATEP-supported GraCELS-2 project.

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