Nanom secures $3 million from Iceland Venture Studio, Village Global and via the EU Green Deal

Iceland United States 31 March 2021

Nanom, a Reykjavik, Iceland producer of nano-enhanced materials that can be integrated into the battery technologies, announced that it raised $3 million in seed funding.

The money was raised from the EU institutions via the EU Green Deal and included contributions from private investors Iceland Venture Studio and Village Global.

Nanom, founded as Greenvolt Nano in 2017 by CEO Armann Kojic, developed breakthrough nanotechnology materials, designs and techniques which dramatically transform the battery market.

The company enables a wide range of longer-lasting, uniquely-designed and environmentally-friendly energy storage solutions supporting everything from stationary storage to home energy powersystems - it claims to add 9x the energy density, recharging rates and lifecycle capabilities to the century old technology.

The nanomaterial technology can also be used to create solid state batteries with carbon fibre and a silk interposer treated with an electrolyte. This can be used to create batteries in the structure of electric vehicles such as cars and boats.

Nanom has already created a pilot project where an 1m electric boat was constructed where the hull of the boat became the battery. The company is headquartered in Palo Alto, CA with technical operations in Reykjavik, Iceland.

Total investments received (USD): 3M