# Advano

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/advano

- Industry: Energy Storage & Batteries
- Headquarters: New Orleans, US
- Website: www.advano.io
- Total disclosed funding: $24M
- Latest round: Series A (Jan 30, 2024)
- Investors on record: 14

## About

Advano, Inc. is a US-based company developing innovative silicon-based materials to enhance lithium-ion battery performance, targeting the growing demand in electric vehicles and energy storage solutions.Advano, Inc. specializes in advanced silicon materials that improve battery efficiency. Founded in 2016 and headquartered in New Orleans, US, the company has completed 7 deals and recently secured USD 3.273 mn in Series A funding, bringing total raised to USD 3.273 mn and valuing the company at USD 18.213 mn. The company was founded by Shiva Adireddy, who has experience in the technology sector, and is currently led by CEO J York alongside Adireddy.Advano focuses on advanced silicon-based materials to enhance lithium-ion (Li-ion) batteries. Their key product, REALSi, serves as an innovative alternative to traditional graphite in batteries, improving energy density and efficiency. The company's solutions are designed for compatibility with existing battery architectures, targeting markets in North America, Europe, and Asia, and serving a range of clients from automotive to consumer electronics.Advano operates on a B2B model, partnering with battery manufacturers and OEMs to integrate their silicon-based materials. Revenue is generated through direct sales of REALSi materials, which are competitively priced. Transactions often involve contractual agreements with volume-based pricing, fostering long-term relationships and repeat business in the growing sectors of electric vehicles and renewable energy storage.Advano plans to expand its product line with new silicon-based materials targeted for release in 2024. The company aims to enter new geographic markets, including Europe and Asia by mid-2025. Recent funding from Reform Ventures will support these initiatives, enabling Advano to enhance its R&D capabilities and scale production to meet increasing demand.

## Funding rounds

- Series A, Jan 30, 2024, $3.3M — Boot64 Ventures
- Series A, Jan 28, 2020, $19M — SBI Holdings, Y Combinator, DCVC, PeopleFund, Build Collective, Thiel Capital
- Series A, Jan 9, 2020 — Wavemaker Partners
- Seed, Jul 1, 2017, $1.5M — Y Combinator, DCVC, Anorak Ventures, AAF Management, Pragma Ventures
- Seed, Mar 16, 2017, $0.5M — New Orleans Startup Fund, Rubio Impact Ventures, Fifty Years

## Investors

- New Orleans Startup Fund — Seed
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Seed
- Fifty Years (https://capitalatlas.ai/funds/fifty-years) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed, Series A
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Seed
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Seed
- Pragma Ventures (https://capitalatlas.ai/funds/pragma-ventures) — Seed
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- SBI Holdings — Series A
- PeopleFund (https://capitalatlas.ai/funds/peoplefund) — Series A
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series A
- Thiel Capital — Series A
- Boot64 Ventures (https://capitalatlas.ai/funds/boot64-ventures) — Series A