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NAWAH

Transportation · Voiron, France · Founded 2013

Innovative, economically competitive, reliable and environmentally friendly Ultra-Fast Carbon battery and applied nanotechnology MoreLess

NAWAH, formerly known as NAWA Technologies, is a deep-tech company specializing in advanced nanomaterials, specifically Vertically Aligned Carbon Nanotubes (VACNT). The company was established in April 2013 by Dr. Pascal Boulanger and Ludovic Eveillard as a spin-off from the French Alternative Energies and Atomic Energy Commission (CEA), leveraging years of research in nanotechnology. Pascal Boulanger, a former Deputy Scientific Director at CEA, identified the potential of a new material for electricity storage and, after securing a government grant, dedicated four years to its scientific and market validation before co-founding the company.

The firm's core business revolves around the design, development, and manufacturing of VACNT-based products for the composites and hydrogen markets. Its manufacturing process involves growing VACNTs, which are 10,000 times thinner than a human hair, on both sides of a substrate in a roll-to-roll manner, a scalable technique that allows for mass production. This technology serves a business-to-business (B2B) model, targeting partners and customers in sectors like automotive, aerospace, renewable energy, and industrial manufacturing who are willing to co-develop applications and integrate the technology into their products. NAWAH operates from facilities in Rousset, France, and Dayton, Ohio, in the United States. The Dayton facility, NAWA America, was established following the 2020 acquisition of N12 Technologies, an MIT spinoff, to industrialize multifunctional, ultra-strong composite materials.

NAWAH's product portfolio is centered on its VACNT material, which offers unique mechanical, thermal, and electrical properties. One of its key product lines was the NAWACap ultracapacitors, which delivered significantly higher power densities and much faster charging times compared to conventional ultracapacitors. While the company initially focused heavily on the energy storage sector, including ultracapacitors and developing advanced electrodes for lithium-ion batteries, its strategy has evolved. Following a judicial reorganization in September 2023 and subsequent acquisition by Kouros Lab in October 2023, the company rebranded to NAWAH in June 2024 to focus on its core material science expertise in VACNT for composites and hydrogen applications. Products like NAWAStitch, a material that dramatically increases the shear strength and shock resistance of carbon fiber composites, exemplify this focus. These materials enable the creation of lighter, stronger, and smarter structures, with potential applications ranging from hydrogen tanks to advanced sporting goods and aerospace components.

Keywords: Vertically Aligned Carbon Nanotubes, VACNT, advanced composites, nano-engineered materials, hydrogen market, carbon fiber reinforcement, structural composites, multifunctional materials, NAWAStitch, deep-tech, material science, CEA spinoff, MIT spinoff, roll-to-roll manufacturing, nanotechnology, aerospace materials, automotive components, hydrogen storage, ultra-strong composites, lightweight materials, advanced manufacturing, carbon nanotubes, composite materials, nanomaterials

Company overview

NAWAH company information

The essential company record, classifications and operating signals in one place.

Status
Closed
Founded
2013
Headquarters
Voiron, France
Employees
60
Open positions
2
Dealroom signal
0.0
client focusb2btechnologyHardwaretechnologyDeep TechtechnologyNanotechsub industryEnergy Efficiencysub industryEnergy Storagesub industryVehicle Productionbusiness modelManufacturingsectorBatterysectorSpinoutsectorSustainable Development GoalssectorSpace TechsectorEV Battery Other ChemistrysectorAdvanced Materials

Valuation & funding

NAWAH funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Nov 2023 $0 Kouros SA
SERIES CEquity / VC Jan 2022 $20M $81M Demea Sustainable Investment · Eurowatt · Bpifrance · Kouros SA
SERIES BEquity / VC Feb 2020 $15M $59M Bpifrance · Demea Sustainable Investment · Région Sud Investissement · InnoEnergy
SERIES AEquity / VC May 2019 $9.9M $40M InnoEnergy
GRANTOther financing Jun 2018 $440K Undisclosed
EARLY VCEquity / VC Jun 2014 CEA Investissement · Demea Sustainable Investment · InnoEnergy · Région Sud Investissement
SPINOUTOther financing Sep 2013 French Alternative Energies and Atomic Energy Commission - CEA · CEA-Leti · CNRS Innovation · French National Centre for Scientific Research - CNRS
SUPPORT PROGRAMOther financing Feb 2012 HEC Challenge+ · HEC Paris
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $218K 0% −$5.4M -2486.6% −$4.9M -2236.8%
2025 $218K 0% −$5.4M -2486.6% −$4.9M -2236.8%
2024 $218K 0% −$5.4M -2486.6% −$4.9M -2236.8%
2023 $218K 0% −$5.4M -2486.6%
2022 $218K -15.4% −$5.4M -2486.6%
2021 $258K +30.2% −$5.4M -2104%
2020 $198K −$934K -471.1%
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Growth signals

NAWAH website traffic

Latest recorded traffic for NAWAH is 1.7K monthly website visits, up 203.6% over the last three months. NAWAH's team grew 0% over the past year.

Latest monthly visits1.7K 3-month web change+203.6% 1-year team growth0%
Monthly website visits98 observations · Dec 2016–Jul 2025
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Hiring

Open positions at NAWAH

Current openings linked to this company in Dealroom.

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Comparisons

NAWAH compared with similar companies

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Talent graph

NAWAH's talent

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Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

20 investors on NAWAH's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 8 investors entered at this stage
CEA Investissement
Demea Sustainable Investment
InnoEnergy
Région Sud Investissement
Bpifrance
Supernova Invest
Eurowatt
CAAP Creation
Series B+ 3 investors entered at this stage
Kouros SA
Opus Consulting Solutions
Altya Invest
Other known 9 additional known investors
HEC Paris
CEA-Leti
CNRS Innovation
French Alternative Energies and Atomic Energy Commission - CEA
French National Centre for Scientific Research - CNRS
HEC Challenge+
Evolen Energy Accelerator
Incuballiance Paris-Saclay
Turenne Capital

Global footprint

Where NAWAH has talent and traffic

Workforce by country
2 countries with
team presence
🇫🇷 France89.5%
🇺🇸 United States10.5%
2 countries shown

In the news

Latest news about NAWAH

Recent press, funding announcements, and product moves mentioning NAWAH — open to read from the original sources.

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Market sentiment

What the market is saying about NAWAH

An AI-synthesized read of the highest-engagement posts about NAWAH on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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