Powering the Future: CelLink’s Mission and Momentum
CelLink is a Silicon Valley-based technology company pioneering high-conductance flexible circuits for electric vehicles (EVs) and energy systems.
Backed by over $300M in funding from leading investors such as BMW iVentures, 3M, and T. Rowe Price, CelLink is at the forefront of electrification, enabling next-generation manufacturing for the automotive and energy sectors.
In 2022, the company entered a late-stage growth phase, launching a major new 300,000 sq ft manufacturing facility in Georgetown, Texas, to support the rapidly expanding EV market.
Advanced materials drive EV production innovation.
To Capitalize on Surging EV Demand, CelLink Needed $362M—Fast
With the EV market booming, CelLink faced a critical inflection point: demand for its high-conductance flexible circuits was skyrocketing, but scaling production to meet this demand required massive capital—immediately.
The company needed to rapidly expand its Texas facility, ramp up hiring to 2,000 employees, and build the financial infrastructure for public-market readiness. Without swift access to institutional funding and a world-class finance function, CelLink risked missing its window to lead the market.
Recognizing the urgency, CelLink partnered with Christian & Timbers to find a CFO who could deliver under pressure. The result: the appointment of Nancy Loewe, a proven Fortune 500 finance leader with deep experience in scaling operations, managing investor relations, and preparing companies for IPOs.
Unlocking $362M in Federal Funding: The Game-Changer for CelLink
Within months of Nancy Loewe’s arrival, CelLink secured a $362 million loan from the U.S. Department of Energy (DOE)—one of the largest federal energy loans issued in 2023. This funding, finalized in April 2024, was the catalyst CelLink needed to accelerate its facility buildout, scale its workforce, and boost production capacity to serve up to 2.7 million EVs annually.
CelLink's innovation powers millions of electric vehicles.
The DOE loan didn’t just provide capital—it validated CelLink’s technology and business model at the highest level, positioning the company as a cornerstone of the U.S. clean energy transition.
Timeline & Key Achievements
- Late 2022: CelLink enters a late-stage growth phase and launches a new manufacturing facility in Texas. Christian & Timbers is engaged to lead a high-stakes CFO search.
- November 2022: Nancy Loewe is appointed CFO, bringing Fortune 500 and growth-stage expertise to CelLink.
- 2023: Nancy builds a finance function to public-company standards and leads CelLink’s application for the DOE’s Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.
- May 2023: The U.S. Department of Energy announces a $362 million loan commitment to CelLink.
- April 2024: The $362 million DOE loan is finalized, unlocking the capital needed to complete the 300,000 sq ft facility and support a projected 2,000 employees. CelLink’s production capacity is set to reach up to 2.7 million EVs annually at full utilization.
- Ongoing: Nancy Loewe continues to direct capital and cash flow strategy, ensuring CelLink’s growth and long-term liquidity options. The finance function is fully aligned with public-company standards, supporting readiness for future strategic opportunities, including a potential IPO.
From CFO Hire to $362M in Growth Capital: The Lasting Impact
The strategic CFO hire was the linchpin in CelLink’s ability to secure transformative federal funding, scale operations, and establish the financial systems required for long-term growth. Nancy Loewe’s leadership enabled CelLink to move at the speed of the market—unlocking $362 million in federal energy funding and positioning the company for continued success as a leader in the electrification of transportation and energy systems.
Strategic leadership drives CelLink's electrification success.
Christian & Timbers’ expertise was critical to this outcome. With over 5,000 C-suite assignments completed across the tech sector, an AI-powered, science-based search process for faster, more accurate placements, and a client roster that includes Fortune 50 companies and Silicon Valley unicorns, Christian & Timbers delivered the world-class financial leadership CelLink needed—precisely when it mattered most.
CelLink’s story proves that with the right financial leadership, companies can seize market opportunities, accelerate growth, and drive industry-defining impact—before the window closes.
