Nanocarbon supplier Nanoramic has secured a substantial investment from private investment firm Fortistar. Nanoramic has raised over $75 million to date to develop and commercialize Neocarbonix, its nanocarbon electrode technology. As a part of the Fortistar investment, Nanoramic will add Chuck Bryceland to the company’s board of directors.
The company claims that its Neocarbonix 3D nanocarbon binding structure will transform energy storage by increasing energy density, reducing cost of production, and allowing for faster charging times. Neocarbonix also eliminates the need for toxic solvents, such as NMP, during battery manufacturing and recycling. Its process can utilize existing equipment and serve as a drop-in replacement for existing battery designs.
“Our Neocarbonix electrode technology is set to transform the future characteristics of energy storage, providing rapid scalability thanks to its compatibility with existing battery designs. Looking even further ahead, Neocarbonix will also provide similar advantages for the next generation of solid-state batteries,” said Eric Kish, CEO of Nanoramic.