StageCorporate Minority - P2P | IPO
NanoXplore (TSE: GRA) offers services related to research and development and focuses mostly on developing large-scale production of graphene from natural flake graphite, and integrates it into several industries including energy and textiles at a competitive price. Graphene can be produced using a variety of processes, including chemical vapor deposition (CVD) and liquid exfoliation, however many of them are associated with higher processing costs. NanoXplore's proprietary technique electrochemical conversion method turns natural flake graphite into graphene at a competitive cost. The company was founded in 2011 and is based in Montreal, Canada.
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Expert Collections containing NanoXplore
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
NanoXplore is included in 1 Expert Collection, including Semiconductors, Chips, and Advanced Electronics.
Semiconductors, Chips, and Advanced Electronics
Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.
NanoXplore has filed 13 patents.
The 3 most popular patent topics include:
- Carbon forms
Polymers, Nanomaterials, Graphene, Carbon forms, Monolayers
Polymers, Nanomaterials, Graphene, Carbon forms, Monolayers
Latest NanoXplore News
Mar 31, 2023
NanoXplore and Martinrea International, a global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, through its subsidiary, Martinrea Innovation Developments, have announced NanoXplore's purchase of Martinrea Innovation's 50% equity stake in VoltaXplore . NanoXplore now owns 100% of the equity and intellectual property in VoltaXplore and Martinrea has increased its existing equity position in NanoXplore from 21.1% to 22.7%. VoltaXplore was formed as a joint venture between NanoXplore and Martinrea in 2021 to collaborate on developing graphene-enhanced Li-ion battery cells for electric vehicles and grid storage and to explore the potential to build a battery gigafactory. NanoXplore will seek to finance the battery gigafactory within VoltaXplore. The purchase transaction simplifies VoltaXplore's capital structure to enhance the access to government and private fundings. Moreover, concurrent to this transaction, NanoXplore and Martinrea agreed to extend their existing graphene commercial agreement by another 5 years to 10 years. Soroush Nazarpour, President and Chief Executive Officer of NanoXplore, commented: "We are closer to building VoltaXplore's gigafactory and I am quite excited about the future of VoltaXplore. The joint venture was successful in the full demonstration of our battery technology and Martinrea's support enabled VoltaXplore to de-risk this project significantly. We believe strongly in VoltaXplore and the value proposition that graphene brings to the performance of our cells. As we work towards our goal to build the gigafactory, we are looking to bring in new investors and customers, as well as government financing to support and realize our ambitions. I would like to thank the entire team at Martinrea which was instrumental in helping bring VoltaXplore to this point. Martinrea remains committed to NanoXplore's success, as evidenced by its increased share position in our company and the extension of our commercial agreement. We will continue to work together in building graphene-enhanced solutions in the automotive sector". Pat D'Eramo, President and Chief Executive Officer of Martinrea, commented: "We have jointly created value in VoltaXplore through building a demonstration facility and proving the technology and value proposition of graphene-enhanced Li-ion batteries. We remain supportive of VoltaXplore and will continue to benefit from its success through our increased equity position in NanoXplore. Though we are not pursuing the production of batteries at Martinrea, we believe strongly in graphene and will continue to work with NanoXplore to develop graphene-based solutions within Martinrea". It was reported that following the successful testing and demonstrated strong performance of 18650 cells, VoltaXplore is in the process of retooling its current 1MWh battery facility to produce the larger-format 21700 cylindrical cell. This new cell dimension is an industry standard in the electric mobility market and VoltaXplore plans to produce approximately 130 million of these cells annually at its gigafactory. These batteries will benefit from NanoXplore's proprietary SiGTM additive technology solution, which offers the following performance benefits: 8-10% (or 40 kilometers) increase in vehicle range due to increased energy density. 10-13-minute charging time due to graphene's high electrical conductivity. The batteries are 10% cooler than typical Li-ion batteries with lower risk of thermal runaway and explosions. Source:
NanoXplore Frequently Asked Questions (FAQ)
When was NanoXplore founded?
NanoXplore was founded in 2011.
Where is NanoXplore's headquarters?
NanoXplore's headquarters is located at 1744 Rue William, Montreal.
What is NanoXplore's latest funding round?
NanoXplore's latest funding round is Corporate Minority - P2P.
How much did NanoXplore raise?
NanoXplore raised a total of $8.43M.
Who are the investors of NanoXplore?
Investors of NanoXplore include Martinrea International, Graniz Mondal, Mason Graphite and Sustainable Development Technology Canada.
Who are NanoXplore's competitors?
Competitors of NanoXplore include LayerOne.
Compare NanoXplore to Competitors
The Sixth Element (Changzhou) Materials Technology is a manufacturer of graphene and graphene oxide. It provides electrical and thermal conduction type graphene, capacitive touch panels, capacitive touch screens, enhancement type graphene, graphite oxide, and more. It offers graphene powder and graphene suspension products for different applications such as biomedicine, batteries, energy storage, electronics, composites, reinforced plastics, rubbers, adhesives, coatings, and paints. It was founded in 2011 and is based in Changzhou, China.
LayerOne produces high quality graphene and other advanced materials to tackle some of the biggest challenges that society is facing today. In addition to the synthesis of graphene, LayerOne creates industry-friendly technologies to enable the use of the material in a vast variety of applications and industries with a core focus on energy storage, composites and coatings and advanced water solutions. It was founded in 2005 and is based in Oslo, Norway. LayerOne is owned by Clara Venture Labs.
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