# JIOS Aerogel secures investment from MegaChem for Singapore plants

JIOS Aerogel secured significant investment from MegaChem Group to fund its aerogel production facility and a new Singapore site for automated Thermal Blade production for EV batteries.

- Type: Investment
- Announced: 2023-09-17
- Where: Singapore, Singapore
- Status: announced
- Products: aerogel, Thermal Blade insulation for EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JIOS Aerogel](https://endata.com/companies/72661.md)
- [MegaChem Group](https://endata.com/companies/72662.md) (investor)
- [MegaChem (Thailand) PCL](https://endata.com/companies/72663.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/jios-aerogel-secures-new-investment-from-megachem-to-fund-its-aerogel-and-thermal-blade-plants-301929942.html), 2023-09-18: "We are thrilled to welcome MGT and MegaChem as investors, further bolstering the burgeoning aerogel market within the electric vehicle battery industry."
- [prnewswire.com](https://www.prnewswire.com/news-releases/jios-aerogel-secures-new-investment-from-megachem-to-fund-its-aerogel-and-thermal-blade-plants-301929959.html), 2023-09-18: "We are thrilled to welcome MGT and MegaChem as investors, further bolstering the burgeoning aerogel market within the electric vehicle battery industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.