Nawa Technologies to begin mass production of its next-gen ultracapacitors by end of 2019
Aix-en-Provence, Tuesday May 14th – NAWA Technologies, makers of next-generation ultracapacitor-based energy storage systems, is entering a crucial phase of its rapid scale-up: industrialization and mass production.
Having completed its technical development programme, NAWA has also successfully raised 9M€ from new investors including industrial investment company Kouros and CAAP Creation (the venture capital arm of Credit Agricole Alpes Provence) alongside existing investors Demeter, Région Sud Investissement, Supernova Invest, Davaniere Capital Partners and KIC Innoenergy.
Now in the process of finalizing further funding, NAWA Technologies is preparing to install a first of its kind production line at its Aix-en-Provence facility. By the end of this year, the first manufacturing equipment will be installed and operational, allowing NAWA to steadily build up to over 100,000 ultracapacitor cells a month when at full capacity. With today’s global market for ultracapacitors worth around €500m globally, but estimated to grow to €2-3bn in 2023, NAWA Technologies is ideally positioned to take advantage of increased demand.
For futher information please refer to the press release : NAWA Technologies_May 14