Wednesday, 22 May 2024, Bengaluru, India
Nopo Nanotechnologies is a Bengaluru-based startup that has secured a $3 million in its pre-series A funding round. The round was co-led by Inflexor ventures and deep tech funds Axilor’s Micelio Fund. The funding round also had participation from other investors, including Aureolis and other angel investors.
The startup will use this funding amount to enhance its products and improve its technical & engineering capabilities and market expansion. According to a report by Entrackr, the company is using the fund to expand its production capacity to service global battery manufacturers and develop it further to target electric and semiconductor customers. Nopo Nanotechnologies was founded by Gadhar Reddy and Kelly Brasely to offer high-quality single-walled carbon Nanotubes. The two founders have been working on building the technology over the past few years. Single-walled Carbon Nanotubes are materials that are used in various applications including EV batteries, the material can improve energy density usage of the applications.
Image source: noponao.com
The Bengaluru-based startup has been manufacturing the material for five years and is now targeting the global market. Nopo Nanotechnologies is aiming to expand its capacity for global customers working in advanced electronics and high energy density batteries. Nopo Nanotechnologies claims to be the only startup across the country to have developed the technology to produce Single-walled Carbon Nanotubes. The startup is one of the few across the globe to have developed this technology.
The founder and CEO of Nopo Nanotechnologies, highlighted that 100+ applicants across the globe are being developed and are using Single-walled Carbon Nanotubes. The technology is getting used from desalination to cancer treatment. The startup will move forward to develop material and act as a pioneer in driving the development of this material with the help of Micelio and Inflexor. The startup will use this funding amount to expand its production capacity and scale up operations to meet global demand.
Conclusion:
Nopo Nanotechnologies is a Bengaluru-based startup that has secured a $3 million fund in its pre-series A funding round co-led by Inflexor ventures and deep tech funds Axilor’s Micelio Fund. The funding round also had participation from other investors, including Aureolis and other angel investors. Nopo Nanotechnologies was founded by Gadhar Reddy and Kelly Brasely to offer high-quality single walled carbon Nanotubes. The two founders have been working on building the technology over the past few years. Single-walled Carbon Nanotubes are materials that are used in various applications including EV batteries, the material can improve energy density usage of the applications. The Bengaluru-based startup has been manufacturing the material for five years and is now targeting the global market. Nopo Nanotechnologies is aiming to expand its capacity for global customers working in advanced electronics and high energy density batteries. The startup will move forward to develop material and act as a pioneer in driving the development of this material with the help of Micelio and Inflexor. The startup will use this funding amount to expand its production capacity and scale up operations to meet global demand.
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