Nanoramic, an energy storage and advanced materials company, has secured a total of $54 million for its Series 1 equity funding.
The funding round includes a recent investment from new partner PEP Capital, as well as continued participation from existing investors Samsung Ventures and Top Material. The funding also includes prior investments from co-leads General Motors Ventures and Catalus Capital, alongside ITOCHU Corporation, Fortistar Capital, and WindSail Capital Group.
This funding is intended to help the company further accelerate the global commercialization of its proprietary Neocarbonix technology.
Neocarbonix is Nanoramic’s proprietary electrode technology that offers a sustainable alternative to key limiting materials in conventional lithium-ion batteries, including NMP solvent and PFAS “forever chemicals.” The technology is designed to integrate directly into existing battery manufacturing lines, providing manufacturers with the flexibility to transition away from NMP-based electrode production without disrupting established processes.
John Cooley, Nanoramic CEO and Founder, said, “With the final closing of this round, Nanoramic has secured a portfolio of best-in-class customers and partners. These partnerships will help bring mass production of our Neocarbonix product to all major lithium-ion applications by 2027. Our asset-light model will benefit from the trading expertise of ITOCHU, the manufacturing expertise of Top Material, and the commercial prowess and broad application exposure of our most major customers including General Motors, Samsung SDI, and others.”
The company also secured $44 million in funding last year, co-led by General Motors Ventures, and Catalus Capital, with participation from Samsung Venture Investment Corporation (Samsung Ventures), Top Material, and existing investors, including Fortistar Capital and WindSail Capital Group.
The company states that it is positioned to support GWh-scale demand, with commercial shipments scaling up and shifting to global manufacturing sites in 2026.
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, VC funding in the sector totaled $2.8 billion in 56 deals, a 4% increase YoY compared to $2.7 billion in 61 deals in 9M 2024.
In 2024, 6K, a materials producer for energy storage and additive manufacturing powders, closed $82 million in a Series E funding round. This funding round involved existing investors in the company, including Anzu Partners, Energy Impact Partners, Launch Capital, Material Impact, and Volta Energy Technologies.
