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NAWAH

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

Voiron, FranceFounded 2013Transportation
Valuation $50–100M Last recorded · 2022
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About NAWAH

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.

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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.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2013
Headquarters
Voiron, France
Employees
60
Open positions
2
Dealroom signal
0.0/100
Sub-industry
Energy Efficiency, Energy Storage, Vehicle Production
Sector
Transportation, Battery, Spinout, Sustainable Development Goals, Space Tech, EV Battery Other Chemistry, Advanced Materials
Technology
Hardware, Deep Tech, Nanotech
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Nov 2023 $0 — Kouros SA ↗
SERIES C✓Equity / VC Jan 2022 $20M $81M Demea Sustainable Investment · Eurowatt · Bpifrance · Kouros SA ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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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%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

20 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A8 investors entered at this stage

  • CEA Investissement
  • Demea Sustainable Investment
  • InnoEnergy
  • Région Sud Investissement
  • Bpifrance
  • Supernova Invest
  • Eurowatt
  • CAAP Creation

Series B and later3 investors entered at this stage

  • Kouros SA
  • Opus Consulting Solutions
  • Altya Invest

Other known investors9 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
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.

Global footprint

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

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NAWAH on X, ranked by likes and reposts, corporate channels excluded.

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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