About Advano
Advano is an Energy & Utilities company based in New Orleans (United States) founded in 2016 by Shiva Adireddy and Alexander Girau. Silicon-based anode materials for lithium-ion batteries are provided. Advano has raised $27.34 million across 8 funding rounds from investors including DOE, Tony Fadell and PeopleFund. The company has 2 employees. Its chief executive, as recorded, is Alexander Girau. Advano offers products and services including REALSi. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Components. Its legal entity is Advano, Inc. Its competitors include Group14 Technologies, Sila Nanotechnologies and NanoGraf; 3 of its 3 listed competitors have raised funding.
Company details
Advano was founded in 2016 in New Orleans, United States, with a focus on the energy storage sector. Silicon-based anode materials for lithium-ion batteries are developed and supplied, utilizing proprietary silicon technology and material chemistries to enhance mass loading and cycle stability. Products encompass anodes, batteries, and related materials. These are applied in transportation, power grid storage, drones, consumer electronics, and additional areas.
- Total Equity Funding$27.34M (USD)
in 8 rounds
- Latest Funding Round$3.27M (USD), Series A
Jan 2024
- InvestorsDOE
& 9 more
- Employee Count2
Products & Services of Advano
Advano offers a comprehensive portfolio of products and services, including REALSi.
Engineered Si-C materials to boost Li-Ion battery performance and safety
Funding Insights of Advano
Advano has successfully raised a total of $27.34M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3.27 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $27.34M
- Total Rounds 8
- Last Round Series A — $3.27M
- First Round $150,000
(Jun 2016)
- Investors Count 10
All 8 funding rounds of Advano with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $3.27M | Series A | – | – | – |
| Sep 2023 | $2.8M | Grant | – | – | |
| Apr 2021 | $4.65M | Series A | – | – | – |
| Aug 2019 | $18.5M | Series A | – | Future Shape | |
| Aug 2017 | $150,000 | Seed | – | – | – |
| Jun 2017 | $120,000 | Seed | – | Y Combinator | – |
| Mar 2017 | $500,000 | Seed | – | – | |
| Jun 2016 | $150,000 | Seed | – | – | – |
10 investors in total: 9 institutional and 1 angel.
Investors in Advano
Advano has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include DOE, Tony Fadell and PeopleFund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed to growth stage tech-focused VC and PE firm investing in geographies such as the US | peoplefund.com | Miami, United States | ||
Thiel Capital is involved in investment and financial activities. | thielcapital.com | |||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
FutureShape is involved in shaping and building futures. | futureshape.com | Paris, France | ||
Venture capital firm focused on multiple sectors | fiftyyears.com | San Francisco, United States | ||
Early-stage ventures are supported through investments in New Orleans. | neworleansstartupfund.org | New Orleans, United States | ||
Venture capital investments are made in impact-driven startups. | social-impact-capital.com | New York, United States | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
TF Tony Fadell | Inventor of iPod, Nest Labs founder, active angel investor in tech startups | unknown_9d645b2778484696b |
Investor details for Advano
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Advano
13 people are tracked at Advano (4 in leadership, 5 in board & advisors, 4 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Shiva Adireddy | Co-Founder & CTO | Leadership |
Alexander Girau | Co-Founder & CEO | Leadership |
Ou Mao | VP of R&D | Leadership |
Cambre Constant Chauvin | Chief of Staff | Leadership |
Tony Fadell | Advisor | Board & advisors |
Mark Fink | Advisor | Board & advisors |
Ken Koehlert | Advisor | Board & advisors |
Y. Shirley Meng | Advisor | Board & advisors |
Brian Mitchell | Advisor | Board & advisors |
Pradeep Vallachira Warriam Sasikumar | Senior Material Scientist | Team |
Nyajia Williams | Process Lab Technician | Team |
Shae Jolly | Battery Lab Technician | Team |
Kiprop Cheruyot | Production Engineer | Team |
Complete people profiles for Advano
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Advano
3 dated milestones of Advano across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Advano is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Series A, of $3.3M.
Competitors of Advano
Advano has 3 listed competitors in our database, 3 of them funded. They include Group14 Technologies, Sila Nanotechnologies and NanoGraf.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| group14.technology | 2015 | Woodinville, United States | $1.18B | 213 | Manufacturer of advanced silicon battery for clean energy solutions | |
| silanano.com | 2011 | Alameda, United States | $1.31B | 358 | Nanotech-based lithium-ion batteries are supplied for diverse applications. | |
| nanograf.com | 2012 | Chicago, United States | $70.5M | Silicon-based anode materials for lithium batteries are developed. |
Detailed competitors of Advano
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as Advano (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Frequently Asked Questions about Advano
Advano was founded in 2016.
Advano is headquartered in New Orleans, United States. It is registered at New Orleans, Louisiana, United States.
Alexander Girau is the CEO of Advano, as recorded in our data. They have also founded this company.
Advano is a funded company, having raised a total of $27.34M across 8 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 2016.
Advano has 2 employees.
Advano was founded in 2016 in New Orleans, United States, with a focus on the energy storage sector. Silicon-based anode materials for lithium-ion batteries are developed and supplied, utilizing proprietary silicon technology and material chemistries to enhance mass loading and cycle stability. Products encompass anodes, batteries, and related materials. These are applied in transportation, power grid storage, drones, consumer electronics, and additional areas.
Advano's top competitors include Group14 Technologies, Sila Nanotechnologies and NanoGraf.
Advano offers REALSi.
Advano has 10 investors. Key investors include DOE, Tony Fadell, PeopleFund, Thiel Capital, and Y Combinator.
Advano operates through Advano, Inc..