France’s NAWA Technologies (NAWA) has raised €18.3M in Series C fundraising enabling the mass production Of NAWACAP® Ultracapacitors. It will also enable the first NAWACap factory to be built, which is expected to manufacture ultracapacitors from 2023 onwards.
Based on its unique and proprietary Vertically Aligned Carbon Nanotubes (VACNT) electrode technology, NAWACap offers power density 12 times more compared to activated carbon-based ultracapacitors and 3 times more compared to graphene-based ultracapacitors
The first global sectors to take advantage of NAWA’s renergy storage systems are the power tools industry and the fast-growing sensor-based IoT market, where NAWACap’s high power, long lifetime energy storage capabilities are highly beneficial.
Other key markets are the automotive industry in hybrid and electric vehicles (BEVs) and fuel cell vehicles (FCEVs) where NAWACap can rapidly store and deploy energy from regenerative braking systems, greatly increasing energy efficiency.
The funding round was led by Kouros, an industrial investment company committed to the fight against climate change.
Reinhardt Peper, Chairman of the Board of NAWA Technologies, says: “With this new milestone, NAWA is entering the energy storage “Champions League”. The funds will give the NAWA team the opportunity to stay in pole position for VACNT electrodes technology applications, ramp-up series production of ultracapacitors and accelerate development work on lithium-ion battery cell technology. I would like to thank the unwavering support of NAWA’s investors, welcome NAWA’s new investor Altya and acknowledge the strong motivation of NAWA’s employees and the trust of NAWA’s industrial and collaborative partners.”
Ulrik Grape, CEO of NAWA Technologies, adds: “The global market for clean, efficient energy storage technologies is increasing exponentially in the coming years and thanks to the confidence of our new investor, and the strong backing of our existing investors, NAWA is ideally positioned to realize the potential of our technology. It validates our innovations and enables NAWA to launch into large scale manufacturing of our NAWACap ultracapacitors.”
Headquartered in Aix-en-Provence, France with a second location in Dayton, Ohio, NAWA Technologies is a leader in innovative energy storage. Its range of game-changing products are all based on a patented technology.
At CES 2020, Nawa unveiled the NAWARacer, which powered by a world-first ‘hybrid’ battery system combining conventional tech with NAWACap next-gen ultracapacitors,
Keyword: France’s NAWA Technologies Raises €18.3M in Funding to Enable Mass Production of Ultracapacitors