Nanoramic, a leader in advanced battery technology, has raised $44 million in funding co-led by GM Ventures and Catalus Capital, with additional participation from Samsung Venture Investment Corporation, Top Material, and existing investors such as Fortistar Capital and WindSail Capital Group. This investment will accelerate the commercialization of Nanoramic’s breakthrough Neocarbonix® technology, targeting advancements in cost, performance, and sustainability for batteries across diverse industries.
Transforming Battery Manufacturing with Neocarbonix®
Neocarbonix® is a proprietary, PFAS-free technology designed to replace conventional binders in battery electrodes. It eliminates the use of harmful NMP solvents, offering safer and more sustainable alternatives for lithium-ion battery manufacturing. The technology enhances energy density, power output, fast-charging capabilities, and supply chain security, while reducing environmental and manufacturing costs.
Notably, Neocarbonix® is compatible with existing battery production lines, enabling rapid and cost-effective adoption under Nanoramic’s asset-light business model. Its versatile applications span mobility, stationary energy storage, and consumer electronics, positioning it as a transformative solution in the energy storage sector.
Strategic Industry Partnerships
To accelerate adoption, Nanoramic has partnered with major automotive OEMs, battery manufacturers, and consumer electronics companies. These collaborations aim to integrate Neocarbonix® into mass production, addressing critical challenges in battery sustainability and efficiency.
Investor Insights
Anirvan Coomer, Managing Director of GM Ventures, highlighted the alignment between GM’s investment priorities and Nanoramic’s innovation: “Advances in battery technology are crucial for sustainability, cost, and efficiency. Nanoramic’s solutions fit directly into our strategy to lead the electrification movement.”
Saif Qazi, Vice President at Catalus Capital, emphasized Nanoramic’s leadership in the energy storage sector: “The company is addressing the toughest challenges in the battery industry and is well-positioned to become a leader in the energy transition.”
Samsung Ventures’ Robert Ashcraft also praised Nanoramic’s potential: “Their technology has the capability to improve energy storage across multiple applications, reducing costs and environmental impact while driving performance improvements.”
Vision for Growth
Nanoramic CEO John Cooley described the investment as a pivotal moment: “Our technology dismantles key barriers to growth in the battery industry, delivering significant improvements in cost, performance, and sustainability. With the support of our partners, we are dedicated to bringing Neocarbonix® to market rapidly, addressing urgent needs in critical electrification industries.”
Pioneering the Future of Energy Storage
This funding positions Nanoramic to accelerate the deployment of Neocarbonix®, advancing battery technology to meet the demands of the global energy transition. By focusing on innovation and sustainability, Nanoramic aims to drive the evolution of energy storage solutions across industries.
