NAWA Technologies have raised €18.3M led by Kouros
Summary
This Series C funding will enable the first NAWACap factory to be built, which is expected to manufacture ultracapacitors from 2023 onwards. NAWACap is a new generation of ultracapacitor with an electrode made of Vertically Aligned Carbon Nanotubes (VACNT), the material with the highest electrical conductivity. The first global sectors to take advantage of NAWA’s revolutionary energy storage systems, through its NAWACap product, are the power tools industry and the fast-growing sensor-based IoT market, where NAWACap’s high power, maintenance-free, long lifetime energy storage capabilities are highly beneficial. Other key markets are the automotive industry in hybrid and electric vehicles (BEVs) and fuel cell vehicles (FCEVs) where NAWACap can, for example, rapidly store (and deploy) energy from regenerative braking systems, greatly increasing energy efficiency. It validates our innovations and enables NAWA to launch into large scale manufacturing of our NAWACap ultracapacitors.”