Nanoramic Laboratories

Overview
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EV Economy?
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Seed
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EV batteries: Li-ion
?

Nanoramic Laboratories (Nanoramic) develops nanocarbon-based solutions for energy storage devices. Nanoramic’s flagship product Neocarbonix is a next-generation advancement in lithium-ion battery electrodes. Nanoramic claims that Neocarbonix’s advanced 3D nanoscopic carbon binding structure increases the energy density of batteries by 30% (to 350 Wh/kg compared to existing highest-density batteries of around 250–270 Wh/kg in 2021) while lowering production costs by 20%. The innovative tech also enables batteries to be charged in less than 15 minutes, even in extreme environments. Nanoramic claims that battery manufacturers can utilize Neocarbonix to increase compatibility with the latest anode and cathode materials, such as nickel-rich NMC, silicon-based anodes, and solid-state electrolytes. 

Nanoramic also offers FastCap, an ultracapacitor for harsh environments, capable of operating in temperatures up to 150 C (302 F) and under conditions of high shock and vibration. This product is available in the market.

Key customers and partnerships

In May 2021, Nanoramic signed a non-binding letter of intent with the German lithium-ion battery and battery materials company UniverCell to collaborate and bring the Neocarbonix electrode technology to full commercialization. The two companies intended to adopt and integrate the electrode technology in UniverCell’s battery products and planned to jointly work toward developing next-generation lithium-ion batteries for mass-commercialization by Q4 2021. 

In October 2022, Nanoramic signed a Memorandum of Understanding with Avesta Battery & Energy Engineering (ABEE) to collaborate in the future to develop and commercialize advanced Li-ion batteries and also established the intent for a strategic partnership and commercial license of Nanoramic’s Neocarbonix at the Core electrode technology. In April 2023, Nanoramic partnered with General Motors to focus on the joint development and application of Neocarbonix at the Core electrode technology for EV lithium-ion batteries.

Funding and financials

Nanoramic’s most recent funding was in April 2023, when General Motors made an undisclosed investment in the company. Prior to this, in October 2021, it received an undisclosed investment from Fortistar. In May 2019, the company raised USD 8.5 million to commercialize Nanoramic’s FastCAP ultracapacitors.


HQ location:
21 Drydock Ave 8th Floor East Boston MA USA
Founded year:
2009
Employees:
51-100
IPO status:
Private
Total funding:
USD 86.1 mn
Last Funding:
USD 47.5 mn (Grant; Dec 2023)
Last valuation:
-
Key competitors
 
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