Troutman Pepper represented Nanoramic Laboratories , a leading energy storage and advanced materials company, in finalizing a strategic investment from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), to advance the development of EV batteries. Read a press release about the transaction.
Nanoramic developed an innovative electrode technology, Neocarbonix® at the Core, and is commercializing it to transform energy storage for electric vehicles. The collaboration between Nanoramic and GM will focus on the joint development and application of Neocarbonix® at the Core for EV lithium-ion batteries, which targets improvements in EV battery cost, efficiency, and sustainability.
Drawing on its deep experience in automotive, energy storage, and venture capital, the Troutman Pepper team counseled Nanoramic in connection with both the commercial and financing aspects of its multipart deal with GM.
Troutman Pepper Partner Nick Stawasz led a cross-practice team advising Nanoramic in the deal. Team members included Amanda Hassan, Dan Sieck, Thomas Walker, and Jeanne Ledwell. The firm’s multifaceted and collaborative approach allowed the corporate team to utilize Troutman Pepper’s complementary practice groups, like energy storage, to help Nanoramic reach its objective.