Bangalore-based NoPo Nanotechnologies is a startup that has recently completed a pre-Series A funding round of $3 million. Micelio Fund, a deep tech-focused venture fund out of Axilor, and Inflexor Ventures will lead this round of investment to support NoPo’s growth.
NoPo Nanotechnologies’s Vision
NoPo Nanotechnologies is owned by Gadhadar Reddy and Dr. Kelley Bradley. They’ve been together for more than a decade, but for ten years they have been steadily creating innovative technology in nanomaterials.
NoPo is involved in the manufacturing of single-walled carbon nanotubes, which are abbreviated as SWCNTs. These new materials have enormous potential in multiple industries from improving battery capacity in electric vehicles to revolutionizing quantum computing via the design of semiconductors.
Significance of SWCNTs
SWCNTs are a new revolution in the material science world. Their characteristic features include high tensile strength, electrical conductivity and thermal stability that make them suitable for a wide range of uses.
To increase the range and power of an EV, high-energy-density batteries are used as their source of power. SWCNTs have the capability of improving energy storage which makes battery systems more efficient and powerful.
Scientists use SWCNTs to create semiconductors that could change the future of the computing industry. These materials make quantum computing possible due to the incredible computational power provided by them.
The technological edge of NoPo
NoPo is the only one in India and amongst the few companies in the world with its patented method in SWCNTs manufacturing. Their steady production in the last five years depicts their efficiency in this line of production.
Aiming at increasing production capacity for international buyers, NoPo is planning to secure the pre-Series A round of funding. High-energy-density batteries and advanced electronics remain the thrust areas for future developments.
Perspectives of the investors
Jatin Desai from Inflexor Ventures also discusses how NoPo introduces unique novelties. The prospects of completely transforming industries including electric vehicles, semiconductors, and electronics entice investors.
According to Alok Chauhan who is the Principal of Axilor’s Micelio Fund, materials innovation has the potential of bringing changes to several industries. Thus, NoPo’s journey is consistent with its mission of accelerating the change to cleaner transportation solutions.
Conclusion
NoPo Nanotechnologies is an industry-leading material science company. As SWCNTs and related applications are fostered by them, their partnership with deep tech funds is promising for the future. The investment of $3 million will help NoPo keep with its vision of changing industries and creating a more sustainable and technology-oriented future.
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