NoPo Nanotechnologies secures USD 3 Mn in Pre Series A round led by Axilor’s Micelio Fund, Inflexor Ventures, and other climate deep tech investors
Summary
The company plans to deploy the funds to scale up production, enhance engineering capabilities, and execute a global go-to-market strategy. The round was also subscribed by other climate-focused funds Spectrum Impact, Aureolis, and other Angel investors.Founded by Gadhadar Reddy and Dr Kelley Bradley, NoPo has pioneered cutting-edge technology for producing high-quality Single-Walled Carbon Nanotubes (SWCNTs). In the past, Arunima has successfully created, scaled, and sold a healthcare venture.SWCNTs are an advanced material that holds promise across various applications ranging from usage by EV battery manufacturers where the material can improve energy density to usage by researchers in the design of semiconductors to make quantum computing a reality.NoPo is the only player in India and one of the few globally to have developed the technology to produce SWCNTs using a proprietary patented method. The company has been manufacturing the material consistently for the last five years and is now focussing on expanding capacity for Global customers working in high energy density batteries and in advanced electronics.NoPo is also pioneering the development of single chiral SWCNTs which provide tight band gap control for electronic applications. We are very excited to back NoPo and believe Gadhadar and Arunima are building a cutting-edge tech that can have an exponential impact on industries like electric vehicles and semiconductors., said Mr Alok Chauhan, Principal, Axilors Micelio Fund.