The round was co-led by General Motors Ventures and Catalus Capital, with participation from Samsung Venture Investment Corporation, Top Material, and existing investors, including Fortistar Capital and WindSail Capital Group. The investment will significantly bolster Nanoramic's efforts to commercialize its groundbreaking Neocarbonix® technology across a broad range of industries and applications.

Founded in 2009 out of MIT, Nanoramic 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. Nanoramic works with some of the world's largest automakers, consumer electronics companies, and battery manufacturers to develop and commercialize batteries made with Neocarbonix® at the Core. Nanoramic, Inc. is the exclusive designer, manufacturer, and licensor of Neocarbonix® electrodes and FastCap® Ultracapacitors.