The French company Nawa has successfully completed its second fund raising with new investors Bpifrance, Kouros SA and CAAP Creation joining Nawa’s existing investors Demeters, 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, the compagny will install a first-of-its kind ultracapacitor production line.
At full production Nawa expects to achieve a capacity of over 100,000 celles per month; first markets include the power tool, sensor-based loT 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 povides a better balance between power and energy.