Series 2 financing accelerates global commercialization amid growing customer demand and mass production shipments

BOSTON, Sept. 9, 2026 /PRNewswire/ -- Nanoramic, Inc. ("Nanoramic"), an industry leader in advanced materials and energy storage technology company, announced today the first close of its Series 2 equity financing round at a pre-money valuation of $250 Million USD. The round is led by Catalus Capital with participation from GM Ventures, existing investors and co-leads in Nanoramic's previous Series 1 equity financing.

The financing comes amid accelerating commercial adoption, with mass production shipments of Neocarbonix® Slurry Precursor (NXSP) products now supporting programs with leading global battery manufacturers, automotive OEMs, consumer electronics companies, power tool manufacturers, and defense contractors.

NXSP is a drop-in battery manufacturing material that allows manufacturers to build higher-performing battery electrodes across all key chemistries in cathodes and anodes, while using their existing factories. NXSP enables higher performance, lower cost, and enhanced sustainability, including PFAS-free batteries and manufacturing solvent flexibility, for all major cathode chemistries and it enables up to 100% silicon content in anodes to support advancing performance requirements in mobile devices, drones, power tools, and other high performance applications. The drop-in capability allows manufacturers to lower production costs, lower electrode drying energy, and enhance cell-level performance without capital expenditure on new factory infrastructure.

Battery manufacturers across the globe are actively seeking materials that deliver higher performance, lower production costs, and compliance with strict, evolving global environmental regulations, such as the European Union's REACH restrictions and prospective PFAS restrictions.

By maximizing the active material within the battery cell and lowering internal resistance, NXSP delivers concrete performance improvements across major industries:

• AI Infrastructure & Edge Computing: Enables longer runtime and higher burst power delivery for demanding AI inference tasks.
• Stationary Storage (ESS): Lowers the cost per kilowatt-hour ($/kWh) and extends calendar and cycle life.
• Electric Vehicles (EVs): Increases driving range and enables faster charging capabilities.
• Drones & Aviation (eVTOL): Extends flight times and increases payload capacity.
• Consumer Electronics: Extends battery life and allows for thinner device profiles.
• Power Tools: Increases torque, reduces heat generation, and allows battery packs to be smaller and lighter.

"Neocarbonix has been demonstrated broadly across key applications, chemistries, and geographies, with mass production shipments growing over the past six months to meet customer demand," said John Cooley, Founder and CEO of Nanoramic. "We have demonstrated the commercial maturity and industrial viability of our technology. The support from Catalus, GM Ventures, and other investors is key to our global commercialization efforts."

"Nanoramic continues to demonstrate strong operational execution in translating advanced battery material innovations into scalable commercial products," said Stephen Fratamico, Venture Analyst at Catalus Capital. "We are pleased to lead this round as Nanoramic meets growing customer commitments across global energy storage, automotive, and defense markets."

"Nanoramic has advanced Neocarbonix from a technology concept into a production reality. Our continued participation reflects the team's ongoing progress and our commitment to innovation in battery materials," said Kevin McCabe, President of GM Ventures.

About Nanoramic, Inc.

Nanoramic, Inc. is an industry-leading energy storage and advanced materials company that has developed Neocarbonix®, an innovative battery platform. Nanoramic is commercializing Neocarbonix to transform energy storage for all battery applications by increasing energy density and longevity while reducing costs and improving sustainability. Nanoramic works with major automakers, consumer electronics companies, and battery manufacturers to develop and commercialize batteries made with Neocarbonix. To learn more, visit www.nanoramic.com.

Media Contact: investors@nanoramic.com

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SOURCE Nanoramic