Nanoramic – a pioneer in advanced battery technology – announced $44 million in financing. The funding round was co-led by General Motors Ventures (GM Ventures) and Catalus Capital, with participation from Samsung Venture Investment Corporation, Top Material, and existing investors, including Fortistar Capital and WindSail Capital Group. This investment will significantly support Nanoramic’s efforts to commercialize its groundbreaking Neocarbonix technology across various industries and applications.
Nanoramic’s proprietary Neocarbonix technology breaks down key barriers to mass electrification, targeting dramatic improvements in cost, performance, and sustainability of batteries. And the technology is a PFAS (forever chemical) – free solution for lithium-ion batteries and eliminates the need for conventional NMP solvents, enabling for sustainable solvent alternatives for improved manufacturing worker safety.
Neocarbonix provides a powerful and practical solution for battery manufacturers to stay ahead of the curve and be at the forefront of environmentally friendly battery manufacturing. And it drops into existing manufacturing lines for rapid adoption under Nanoramic’s flexible and asset-light business model.
Neocarbonix is a force multiplier and it is designed to replace conventional binders in battery electrodes and targets far-reaching improvements in battery cost, energy density, power, fast charging, worker safety, manufacturing energy consumption, and supply chain security. And as a result, Neocarbonix can offer a comprehensive solution to the evolving challenges facing all battery-powered applications and industries such as mobility, stationary storage, mobile devices, and more. To bring this transformative technology to market, Nanoramic established strategic partnerships with some of the world’s largest automotive OEMs, consumer electronics companies, and battery manufacturers.
KEY QUOTES:
“Innovations in battery technology are a key priority in our investment strategy, including our collaboration with Nanoramic targeting advances in the sustainability, cost and efficiency of battery manufacturing.”
- Anirvan Coomer, Managing Director of GM Ventures
“Catalus is proud to co-lead this financing and support Nanoramic’s mission to revolutionize the energy storage industry with their innovative Neocarbonix technology. Nanoramic is solving the hardest challenges facing the battery industry, and they are poised to become a leader in the energy transition space. We look forward to working closely with the Nanoramic team to realize their vision.”
- Saif Qazi, Vice President at Catalus Capital
“Nanoramic possesses a unique technology that has the potential to impact multiple energy storage applications through lower cost, higher performance, or reduced environmental impact. The company has demonstrated both the technical capabilities and business vision to drive adoption of new battery materials, and we are excited to support the next phase of Nanoramic’s growth.”
- Robert Ashcraft, Investment Director at Samsung Ventures
“This investment represents a major inflection point for the company in its plans for global adoption of Neocarbonix. Our technology breaks down fundamental barriers to growth in the battery industry with substantial improvements in performance, cost, and sustainability across key applications and chemistries. We believe this technology will address urgent needs in critical electrification industries and we are compelled to bring it to market as rapidly as we can with the support of our investors. For those reasons, we are delighted to have GM, Catalus, and Samsung as partners and we are ever grateful for the support of all of our investors. We look forward to working closely with our partners to accelerate adoption of our technology.”
- John Cooley, Founder and CEO of Nanoramic
