Advano, Inc.
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Advano, Inc. - overview
Established
2016
Location
New Orleans, LA-Louisiana, US
Primary Industry
Energy Storage & Batteries
About
Advano, Inc. is a US-based company developing innovative silicon-based materials to enhance lithium-ion battery performance, targeting the growing demand in electric vehicles and energy storage solutions. Advano, Inc. specializes in advanced silicon materials that improve battery efficiency.
Founded in 2016 and headquartered in New Orleans, US, the company has completed 7 deals and recently secured USD 3. 273 mn in Series A funding, bringing total raised to USD 3. 273 mn and valuing the company at USD 18. 213 mn.
The company was founded by Shiva Adireddy, who has experience in the technology sector, and is currently led by CEO J York alongside Adireddy. Advano focuses on advanced silicon-based materials to enhance lithium-ion (Li-ion) batteries. Their key product, REALSi, serves as an innovative alternative to traditional graphite in batteries, improving energy density and efficiency. The company's solutions are designed for compatibility with existing battery architectures, targeting markets in North America, Europe, and Asia, and serving a range of clients from automotive to consumer electronics.
Advano operates on a B2B model, partnering with battery manufacturers and OEMs to integrate their silicon-based materials. Revenue is generated through direct sales of REALSi materials, which are competitively priced. Transactions often involve contractual agreements with volume-based pricing, fostering long-term relationships and repeat business in the growing sectors of electric vehicles and renewable energy storage. Advano plans to expand its product line with new silicon-based materials targeted for release in 2024.
The company aims to enter new geographic markets, including Europe and Asia by mid-2025. In September 2026, Sicona, a portfolio company of Artesian, University of Wollongong, K2MC Corporate Advisory, Kemplant Pty Ltd, Riverstone Holdings, SDGx, Bandera Capital, Chaos Ventures, Himadri Speciality Chemical Ltd. , Waratah, Investible and Australian Renewable Energy Agency, fully acquired Advano, Inc. from New Orleans Startup Fund, Rubio Impact Ventures, Fifty Years, Y Combinator, DCVC, Anorak Ventures, AAF Management, Pragma Ventures, SBI Holdings, PeopleFund, Build Collective, Thiel Capital, Wavemaker Partners, Boot64 Ventures and Reform Ventures.
Financial terms were not disclosed.
Current Investors
New Orleans Startup Fund, Social Impact Capital, Fifty Years
Primary Industry
Energy Storage & Batteries
Sub Industries
Energy Storage & Batteries, Advanced Materials
Website
www.advano.io
Verticals
Manufacturing, Nanotechnology
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Advano, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Advano, Inc. | - | ||||||||
| Series A | Completed | Advano, Inc. | - | ||||||||
| Series A | Completed | Advano, Inc. | - | ||||||||
| Seed | Completed | Advano, Inc. | - | ||||||||
| Seed | Completed | Advano, Inc. | - |
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Advano, Inc. - employee data
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