Nanormatic Completes $44 Million Financing to Advance Commercialization of Neocarbonix Technology

On December 12, the new battery material company Nanoramic completed a $44 million financing, which was co-led by GM Ventures and Catalus Capital, and Samsung Ventures also participated in the investment. The funds will be used to promote the commercialization of Neocarbonix technology. Neocarbonix technology is a PFAS-free lithium-ion battery solution that does not require the use of traditional NMP solvents, but can use sustainable solvent alternatives. The technology is designed to replace traditional binders in battery electrodes, thereby achieving significant improvements in battery cost, energy density, power, fast charging, worker safety, manufacturing energy consumption and supply chain security.