Boston, MA - Sep 04, 2025 (UTC) - Nanoramic, Inc., a pioneer in advanced batteries, announced it has secured a strategic equity investment from ITOCHU Corporation, with additional participation from existing investor Top Material. The financing will be used to accelerate the global commercialization of Nanoramic’s Neocarbonix® battery technology and products and will significantly strengthen its global supply chain in response to growing customer demand.
Neocarbonix® is a force multiplier for the battery industry, designed to drop into existing manufacturing lines and deliver far-reaching improvements in battery cost, energy density, power, and fast-charging performance. The investment follows a period of significant momentum for Nanoramic, including a $44 million funding round co-led by General Motors Ventures and Catalus Capital, with participation from Samsung Ventures, and the grand opening of its new 40,000-square-foot headquarters in Woburn, Massachusetts. The company has recently commenced commercial shipments of Neocarbonix from the new facility, marking its transition to the next phase of global growth and commercial adoption.
The strategic partnership with ITOCHU will help catalyze the global adoption of Neocarbonix. This collaboration forms a powerful synergy between Nanoramic’s battery technology leadership and ITOCHU’s world-class expertise in logistics and supply chain management. ITOCHU will serve as a pivotal logistics partner, while Top Material continues to provide world-class infrastructure as a key scale-up partner. Together, they create a robust, de-risked global supply chain for customers adopting Neocarbonix.
“This strategic investment from ITOCHU and Top Material is a testament to our significant commercial momentum and the transformative potential of Neocarbonix,” said John Cooley, Founder and CEO of Nanoramic. “These partnerships provide a direct solution to the supply chain challenges of global expansion. By integrating with ITOCHU’s world-class logistics network and Top Material’s manufacturing excellence, we are not only scaling our reach but also offering our customers a reliable path to adopt our technology with confidence. We are thrilled to welcome ITOCHU and are grateful for the continued support from investors like Top Material as we enter this exciting new phase of growth.”
The amount of the strategic investment was not disclosed. However, the funding comes as Nanoramic works with some of the world’s largest automakers, consumer electronics companies, and battery manufacturers to develop and commercialize batteries made with Neocarbonix technology. The company’s proprietary technology breaks down key barriers to mass electrification, targeting dramatic improvements in cost, performance, and sustainability of batteries while offering a PFAS-free solution for lithium-ion batteries.
ITOCHU Corporation, with a history dating back to 1858, operates approximately 90 bases in 61 countries and is one of Japan’s leading sogo shosha (general trading companies). The company engages in domestic trading, import/export, and overseas trading of various products including machinery, metals, minerals, energy, chemicals, and advanced materials, making it an ideal strategic partner for Nanoramic’s global expansion.
About Nanoramic, Inc.
Founded in 2009 out of MIT, Nanoramic, Inc. is an industry-leading energy storage and advanced materials company that has developed an innovative electrode technology, Neocarbonix®. Nanoramic is commercializing Neocarbonix to transform energy storage for all battery applications: increasing energy density and longevity, while reducing costs and improving sustainability. The company works with some of the world’s largest automakers, consumer electronics companies, and battery manufacturers to develop and commercialize batteries made with Neocarbonix. Nanoramic is the exclusive designer, manufacturer, and licensor of Neocarbonix and FastCap® Ultracapacitors. The company is headquartered in Woburn, Massachusetts, with a 40,000-square-foot facility from which it has commenced commercial shipments. Visit www.nanoramic.com for more information.
