Nanoramic, a leader in advanced battery technology, has successfully raised $44 million in a financing round co-led by General Motors Ventures (GM Ventures) and Catalus Capital. Additional participation came from Samsung Venture Investment Corporation (Samsung Ventures), Top Material, and existing investors including Fortistar Capital and WindSail Capital Group. This investment is set to accelerate the commercialization of Nanoramic’s innovative Neocarbonix® technology across multiple industries and applications.
Nanoramic’s proprietary Neocarbonix® technology aims to overcome significant barriers to mass electrification by enhancing the cost-effectiveness, performance, and sustainability of batteries. The technology provides a PFAS-free solution for lithium-ion batteries and eliminates the need for traditional NMP solvents, promoting the use of sustainable solvent alternatives and improving worker safety in manufacturing environments. Neocarbonix® is designed for seamless integration into existing manufacturing lines, facilitating rapid adoption through Nanoramic’s flexible, asset-light business model.
By replacing conventional binders in battery electrodes, Neocarbonix® delivers substantial improvements in battery cost, energy density, power output, fast-charging capabilities, worker safety, energy consumption during manufacturing, and supply chain security. This comprehensive solution addresses the evolving challenges in battery-powered applications across sectors such as mobility, stationary storage, consumer electronics, and more. To bring this transformative technology to market, Nanoramic has established strategic partnerships with leading automotive original equipment manufacturers (OEMs), consumer electronics companies, and battery manufacturers.
“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,” said 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,” said 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,” said 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,” said John Cooley, Founder and CEO of Nanoramic.
Source: Battery Industry
