Novac Completes €3.5 Million Seed Round for Supercapacitor Development
Deal News | Mar 25, 2025 | CDP Venture Capital
Novac, a start-up originating from the University of Modena and Reggio Emilia's TACC program, finalized a €3.5 million seed round with contributions from Eureka! Venture, CDP Venture Capital, and Galaxia. The company leverages its pioneering supercapacitor technology for sustainable energy storage, particularly useful in automotive, aerospace, marine, and industrial sectors. After significant involvement in notable incubator and accelerator programs, Novac aims to scale their technology with plans to establish a pilot line in 2025. Supercapacitors developed by Novac provide high power density and rapid charging, optimizing battery performance and lifespan. The investment, including pivotal contributions from the Galaxia Hub, further reinforces the potential of Novac's technology, especially within the aerospace sector. Leading figures from the venture partners have expressed confidence and ongoing support for the initiatives led by Matteo Bertocchi, Novac’s co-founder and CEO.
Sectors
- Energy Storage Technology
- Automotive Industry
- Aerospace Industry
Geography
- Italy – The start-up Novac, key participants, and innovation programs are based in Italy.
Industry
- Energy Storage Technology – Focused on the development and implementation of supercapacitors for improved energy efficiency and sustainability.
- Automotive Industry – Application of supercapacitors in optimizing energy systems for vehicles, enhancing acceleration and energy recovery.
- Aerospace Industry – Use of supercapacitors for essential operations like SAR satellite power and solar panel deployment, reducing the need for oversized batteries.
Financials
- €3.5 Million – The total value of the seed funding raised by Novac.
- 6.5 billion – Estimated total market value for supercapacitor technology applications in various sectors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Novac | Target company | Company | A start-up company specializing in supercapacitor technology. |
| Eureka! Venture | Investor | Company | A venturing firm supporting innovation-focused start-ups. |
| CDP Venture Capital | Investor | Company | A private equity and venture capital firm supporting technological advancement and innovation. |
| Galaxia | Investor / National Technology Transfer Hub | Company | A hub for national technology transfer, focusing on the aerospace sector. |
| Matteo Bertocchi | Co-founder and CEO | Person | Co-founder and CEO of Novac, leading the company's strategic direction. |
| Anna Amati | Venture Partner | Person | Key representative from Eureka! Venture involved with Novac investments. |
| Stefano Molino | Head of Accelerator Fund | Person | Head of the Accelerator Fund at CDP Venture Capital supporting Novac. |