Bengaluru-based startup NoPo Nanotechnologies has successfully raised $3 million in its pre-Series A funding round. The round was co-led by deep tech investment firms Axilor’s Micelio Fund and Inflexor Ventures, with additional participation from climate-focused funds Spectrum Impact and Aureolis, alongside other angel investors.
The capital infusion will enable NoPo Nanotechnologies to scale production, enhance its engineering capabilities, and execute a comprehensive global go-to-market strategy. This strategic investment positions the company to expand its production capacity significantly, catering to global battery manufacturers and further advancing its offerings for the electronics and semiconductor industries.
Gadhadar Reddy and Dr. Kelley Bradley founded NoPo Nanotechnologies and specializes in producing high-quality Single-Walled Carbon Nanotubes (SWCNTs). Over the past decade, Reddy and Bradley have been dedicated to perfecting the technology required for SWCNT production. These advanced materials have diverse applications, including enhancing energy density in electric vehicle (EV) batteries and developing semiconductors crucial for quantum computing.
NoPo Nanotechnologies stands out as the sole company in India and one of the few globally capable of producing SWCNTs using a proprietary, patented method. The company has been consistently manufacturing SWCNTs for the past five years and is now focused on expanding its capacity to meet the growing demand from global customers in the high-energy-density battery and advanced electronics sectors.
This funding round marks a significant milestone for NoPo Nanotechnologies, underscoring the growing interest and investment in advanced materials poised to drive future technological innovations.
