Congratulations to NAWA Technologies, a Rousset-based company from the Aix technology park and a member of Capenergies, which has raised €18.3m in Series C funding!
NAWA Technologies, an expert in innovative energy storage solutions, has successfully completed its Series C financing round for a total of €18.3 million led by Kouros with Bpifrance via its Ecotechnologies fund managed on behalf of the State as part of the Programme d'investissements d'avenir (PIA), Demeter, Supernova Invest, Région Sud Investissement, Eurowatt Capital, OPUS and Altya Invest, a new long-term strategic private investor.
NAWA Technologies is accelerating its industrialisation phase, after eight years of research and development, prototyping and piloting. At the end of 2020, the company had already launched a prototyping line for its supercapacitors, with the aim of producing 200,000 cells each year at the ST Microelectronics site in Rousset, which has been home to the start-up since 2015.
Capenergies has been supporting this start-up, which is well on the way to becoming a successful SME, since its creation. In particular, the cluster has accredited several projects that have enabled the company to obtain substantial funding. The latest to date, ANTELIBAT (Advanced Nanotubes Electrode for Lithium Batteries), accredited in 2020, aims to develop batteries with electrodes based on aligned carbon nanotube mats, capable of delivering high capacity, as well as fast and safe recharging.
From 2023, the company aims to install its prototyping line and new pilot lines in a new factory and launch mass production of its NAWACap® supercapacitors. NAWACap® is a new generation of supercapacitors whose electrode is made of vertically aligned carbon nanotubes (VACNTs), the material with the highest electrical and thermal conductivity, and in which NAWA Technologies is a pioneer. NAWA has also acquired an American company, an MIT spin-off, and has set up a subsidiary in the United States in the field of composite materials, positioning it as the world leader in applications for aligned nanotube mats.
Thanks to this new round of funding, NAWA aims to expand into sectors such as the power tools industry, the IOT and connected objects market, and the automotive industry, particularly hybrid electric vehicles (BEVs) and fuel cell vehicles (FCEVs). The start-up is also looking to expand its workforce. It is aiming for 300 employees by 2024-25, compared with around fifty today.
A bright future for NAWA Technologies in the global market for clean, efficient energy storage technologies!
To find out more:
👉 DISCOVER THE ANTELIBAT (Advanced Nanotubes Electrode for Lithium Batteries) PROJECT DOCUMENT