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Advano

Series A

Advano is a manufacturer of silicon composite materials for lithium-ion battery anodes that enable improved energy density and performance. The company's proprietary REALSi Si-C composite materials are designed as drop-in solutions for existing lithium-ion battery designs, primarily targeting electric vehicles. Silicon has nine times the energy density of graphite, and Advano's materials inherently improve battery…

Energy Tech · Energy Storage Tech · New Orleans, United States · EST 2016

About

Advano is a manufacturer of silicon composite materials for lithium-ion battery anodes that enable improved energy density and performance. The company's proprietary REALSi Si-C composite materials are designed as drop-in solutions for existing lithium-ion battery designs, primarily targeting electric vehicles. Silicon has nine times the energy density of graphite, and Advano's materials inherently improve battery performance while maintaining cost efficiency. The company's manufacturing process avoids hazardous silane gas, utilizes metallurgical-grade silicon that is abundantly available, and employs readily available manufacturing equipment and low-cost precursor materials. Advano serves applications across transportation, consumer electronics, and energy storage systems. Founded in 2016 and headquartered in New Orleans, United States, the company has raised $27.3M in Series A funding from investors including PeopleFund, Thiel Capital, Y Combinator, DCVC, Future Shape, DOE, Fifty Years, New Orleans Startup Fund, Social Impact Capital, Seed Group, Anorak Ventures, Openner, Globivest, Sciencevest, Cantos Ventures, Wavemaker Impact, Arab Angel, Tekton Ventures, Alabaster, and Plug and Play Tech Center.

Business model

Energy Storage Tech > Battery > Components > Electrode > Anode > Lithium Ion > Silicon > Nano Based,

Y Combinator Batches > 2017 > Summer

Institutional investors

PeopleFundThiel CapitalY CombinatorDCVCFuture ShapeDOEFifty YearsNew Orleans Startup FundSocial Impact CapitalSeed GroupAnorak VenturesOpennerGlobivestSciencevestCantos Ventures

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