NoPo Nanotechnologies Secures $3 Million to Ramp Up Production of Game-Changing Nanotubes

Nopo Nanotechnologies
Preeti Bali / 7:50 am / May 23, 2024

NoPo Nanotechnologies, a Bengaluru-based company pioneering the development of single-walled carbon nanotubes (SWCNTs), has secured $3 million in a pre-Series A funding round. The investment was co-led by deep tech funds Axilor’s Micelio Fund and Inflexor Ventures, with participation from climate-focused funds Spectrum Impact and Aureolis, alongside a group of angel investors.

Fueling Growth and Global Expansion

This funding injection will empower NoPo Nanotechnologies to significantly accelerate its growth trajectory. The company plans to utilize the funds to bolster production capabilities, enhance engineering expertise, and implement a strategic global go-to-market plan.

Scaling Up to Meet Market Demand

The fresh capital will enable NoPo to expand its production capacity to cater to the growing demand from international battery manufacturers. Furthermore, the company will continue to refine its offerings for electronics and semiconductor customers.

A Decade of Innovation in Nanotube Technology

Founded by Gadhadar Reddy and Dr. Kelley Bradley, NoPo Nanotechnologies boasts over a decade of dedicated research and development in SWCNT technology. These advanced materials hold immense potential across various industries, with applications ranging from enhancing the energy density of electric vehicle batteries to facilitating advancements in semiconductor design for future technologies like quantum computing.

Pioneering Single-Walled Carbon Nanotube Production

NoPo claims to be the sole manufacturer of SWCNTs in India and among a select few globally utilizing a proprietary, patented production method. Having consistently produced these high-quality nanotubes for the past five years, the company is now strategically scaling up operations to meet the demands of a global clientele in the high-energy-density battery and advanced electronics sectors.


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