Nanoramic, an MIT-spun battery technology innovator, has landed a strategic equity investment from ITOCHU Corporation alongside follow-on funding from existing backer Top Material. The financing will underwrite global commercialization of Neocarbonix—Nanoramic’s drop-in electrode additive that boosts energy density, power output, fast-charge capability, and cost efficiency—and shore up the company’s supply-chain infrastructure to meet rising customer demand.
Neocarbonix is engineered for seamless integration into existing battery manufacturing lines. It replaces conventional carbon additives with a proprietary carbon-metal composite, delivering up to 20% higher energy density, faster charging rates, and extended cycle life without requiring equipment changes.
The deal comes on the heels of a landmark $44 million round co-led by General Motors Ventures and Catalus Capital, with participation from Samsung Ventures. It follows the grand opening of Nanoramic’s 40,000 sq ft headquarters and production facility in Woburn, Massachusetts. Commercial shipments of Neocarbonix began from that site earlier this year, marking Nanoramic’s shift from pilot‐scale production to full-scale manufacturing and market entry.
Under the new arrangement, ITOCHU will utilize its global logistics and distribution network to streamline the delivery of Neocarbonix to battery manufacturers and major OEMs across North America, Europe, and Asia. Top Material will continue to support production scale-up through its proprietary infrastructure and quality-control processes. Together, the partners aim to build a resilient, end-to-end supply chain that reduces risk and ensures the rapid fulfillment of customer orders.
KEY QUOTES:
“This strategic partnership validates the growing momentum behind Neocarbonix and underscores its potential to transform the battery supply chain. ITOCHU’s expertise in global logistics and Top Material’s manufacturing excellence create a powerful foundation for scaling our technology worldwide. We’re excited to expand our reach and give battery producers a reliable path to integrate Neocarbonix at volume.”
John Cooley, Founder and CEO of Nanoramic
