# Nacoe

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

- Industry: Materials
- Headquarters: Wuxi, China
- Latest round: Angel (Nov 30, 2022)
- Investors on record: 1

## About

Established in 2022 and based in Wuxi. China, Nacoe is a company that develops cathode materials for sodium ion batteries and cathode materials for lithium ion batteries, mainly providing high-quality battery raw materials for large-scale energy storage and new energy vehicle industries. The company was founded by Dr. Shiguo Xu, a doctor of materials science from Tianjin University. In July 2024, the company closed a round of pre-series A funding.

The company mainly develops and produces sodium ion battery cathode materials and lithium ion battery cathode materials. The company has a 100-ton/year sodium cathode production line and plans to achieve 10,000-ton/year cathode material production capacity through Pre-A round of financing in 2024.

The company generates revenues by developing, manufacturing and selling cathode materials for sodium-ion batteries.

The company will use the pre-series A round of funding raised in July 2024 to build a production line in Wuxi with an annual output of 10,000 tons of cathode materials for sodium-ion batteries, as well as the construction of a new energy materials R&D center at the headquarters.

## Funding rounds

- Angel, Nov 30, 2022 — Originvest Capital

## Investors

- Originvest Capital (https://capitalatlas.ai/funds/originvest-capital) — Angel