# NanoGraf Corporation

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

- Industry: Electronics
- Headquarters: Chicago, US
- Website: www.nanograf.com
- Total disclosed funding: $66M
- Latest round: Series B (Jan 27, 2023)
- Investors on record: 11

## About

Based in the US, NanoGraf Corporation specializes in advanced battery technology, developing high-energy-density silicon-based anode materials for lithium-ion batteries, enhancing performance for electric vehicles and consumer electronics.NanoGraf Corporation is focused on the development of advanced battery technology. The company, headquartered in Chicago, US, was founded by Samir Mayekar. On January 27, 2023, NanoGraf raised USD 64.7 mn in Series B funding, co-led by CC Industries and Volta Energy Technologies, to support the production of silicon anodes in North America. The company has successfully completed nine funding deals to date, with a current valuation of USD 101.30 mn.NanoGraf Corporation specializes in advanced battery technology, focusing on high-energy-density silicon-based anode materials for lithium-ion batteries. Their flagship product, the Onyx™ silicon anode, significantly enhances energy density, cycling stability, and low-temperature performance. These anodes cater to the growing demand for efficient electric vehicles and consumer electronics. By providing solutions to the limitations of traditional graphitic anodes, NanoGraf serves a diverse clientele, including military and commercial sectors, primarily targeting electric vehicle manufacturers and consumer electronics companies, with market expansions into Europe and Asia.NanoGraf's revenue model is built around B2B transactions with electric vehicle and electronics manufacturers. The company supplies specialized silicon anodes that these manufacturers integrate into their battery systems, establishing long-term client relationships through contractual agreements to ensure consistent revenue streams. Their proprietary Onyx™ silicon anode enables tailored pricing reflecting advanced technology benefits. Revenue generation is supported by ongoing research and development aimed at enhancing product offerings and expanding market reach.In January 2023, NanoGraf Corporation raised USD 64.7 mn in Series B funding to advance their production of silicon anodes in North America. The funding will support upcoming product designs and launches, focusing on increasing their manufacturing capabilities. The company aims to expand into new geographic regions, particularly in Europe and Asia, by the end of 2024, targeting electric vehicle manufacturers and consumer electronics firms to enhance their market presence.

## Funding rounds

- Series B, Jan 27, 2023, $65M — GIC, CC Industries, Emerald Technology Ventures, Hyde Park Angels, Arosa Capital Management, GOOSE Capital, Evergreen Climate Innovations, Material Impact Fund, Volta Energy Technologies, TechNexus Venture Collaborative
- Series A, Feb 7, 2019, $1M — Hyde Park Angels
- Seed, Mar 13, 2014 — Earth Foundry

## Investors

- Earth Foundry (https://capitalatlas.ai/funds/earth-foundry) — Seed
- Hyde Park Angels (https://capitalatlas.ai/funds/hyde-park-angels) — Series A, Series B
- GIC — Series B
- CC Industries — Series B
- Emerald Technology Ventures (https://capitalatlas.ai/funds/emerald-technology-ventures) — Series B
- Arosa Capital Management — Series B
- GOOSE Capital (https://capitalatlas.ai/funds/goose-capital) — Series B
- Evergreen Climate Innovations (https://capitalatlas.ai/funds/evergreen-climate-innovations) — Series B
- Material Impact Fund (https://capitalatlas.ai/funds/material-impact-fund) — Series B
- Volta Energy Technologies (https://capitalatlas.ai/funds/volta-energy-technologies) — Series B
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Series B