Nanoramic, Inc., a developer of advanced battery materials, has completed a strategic equity investment round led by ITOCHU Corporation, with existing investor Top Material also participating. The new funding will support the global commercialization of Neocarbonix®, the company’s drop-in electrode technology designed to enhance battery cost performance, energy density, power delivery, and fast-charging capabilities without requiring changes to existing manufacturing lines.
This investment follows the company’s recent $44 million financing co-led by General Motors Ventures and Catalus Capital, with support from Samsung Ventures, as well as the opening of its new 40,000-square-foot headquarters in Woburn, Massachusetts. Nanoramic has already begun commercial shipments of Neocarbonix from this facility, marking its transition from development to large-scale market adoption.
ITOCHU’s role will focus on global logistics and supply chain management, helping to scale and de-risk the delivery of Neocarbonix materials to battery manufacturers and original equipment manufacturers worldwide. Top Material will continue to provide manufacturing infrastructure and technical scale-up support. Together, these partnerships create a robust supply chain aimed at meeting growing demand for improved battery performance in electric vehicles, consumer electronics, and energy storage systems.
“This strategic investment from ITOCHU and Top Material is a testament to our significant commercial momentum and the transformative potential of Neocarbonix,” said John Cooley, Founder and CEO of Nanoramic. “These partnerships provide a direct solution to the supply chain challenges of global expansion. By integrating with ITOCHU’s world-class logistics network and Top Material’s manufacturing excellence, we are not only scaling our reach but also offering our customers a reliable path to adopt our technology with confidence. We are thrilled to welcome ITOCHU and are grateful for the continued support from investors like Top Material as we enter this exciting new phase of growth.”
Founded in 2009 out of MIT, Nanoramic has developed Neocarbonix as an advanced electrode material that increases battery longevity and sustainability while reducing costs. The company works with major automakers, electronics firms, and battery producers to integrate Neocarbonix into next-generation energy storage solutions.
Source: PR Newswire
