NAWA TECHNOLOGIES COMPLETES €13M FUNDING ROUND FROM NEW INVESTORS BPIFRANCE, KOUROS SA AND CAAP CREATION AND MOVES TO MASS PRODUCTION
NAWA has successfully completed its second fund raising with new investors Bpifrance, Kouros SA and CAAP Creation joining NAWA’s existing investors Demeter, Supernova Invest, Region Sud Investissement, Eurowatt Capital and EIT InnoEnergy in completing the round
The fund raising will be used for investment in manufacturing of NAWA’s technology and winning customer orders. As a result, NAWA will install a first-of-its-kind ultracapacitor production line
At full production NAWA expects to achieve a capacity of over 100,000 cells per month; first markets include the power tool, sensor-based IoT sectors and mobility
NAWA Technologies’ Ultra Fast Carbon Battery can offer ten times more power and five times more energy than existing ultracapacitors
Combined with lithium-ion this tech provides a better balance between power and energy
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