NoPo Nanotechnologies, a Bengaluru-based startup has raised $3 million in its pre-Series A co-led by deep tech funds Axilor’s Micelio Fund and Inflexor Ventures.

The round was also subscribed by some other climate-focused funds Spectrum Impact, Aureolis, and other angel investors.

As per the startup, it will be used to deploy the funds to ramp up production, enhance engineering capabilities, and execute a global go-to-market strategy. 

With the help of this latest funding, NoPo is expanding its production capacity to service global battery manufacturers as well as further developing its offerings for electronics/semiconductor clients. 

NoPo Nanotechnologies | A Nanotechnology Startup

Founded by Gadhadar Reddy and Kelley Bradley, NoPo produces high-quality Single-Walled Carbon Nanotubes (SWCNTs). Gadadhar and Dr Kelley Bradley have been working on building the technology over the past decade. SWCNTs are an advanced material that holds promise across several applications which ranges 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.

Speaking about the development, Mr Gadadhar Reddy, Founder & CEO of NoPo, said,

“There are 100+ applications that are being developed across the world using SWCNTs ranging from desalination to cancer treatment. NoPo is excited to be a pioneer in driving the development of this material and its associated applications. We are happy to partner with Micelio and Inflexor as they bring with them a wealth of knowledge and expertise in deep-tech and climate space.”.

NoPo claims that it is the only startup in India and one of the few across the globe to have developed the technology to produce SWCNTs with the help of a proprietary patented method. 

The company has been manufacturing the material consistently for the last few years and is now focussing on expanding capacity for global customers working in high energy density batteries and in advanced electronics.

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