Nova Carbon funding news – Climate Tech Startup Nova Carbon Secures €1.4Million in Funding

With the goal of halving the amount of non-recycled carbon fibre waste in France and Europe within ten years, this funding will aid in the transition from a laboratory phase into a pre-industrial study phase.

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The University of Bordeaux in France conducted scholarly research that served as the basis for Nova's technology. Using an exclusive technology transfer overseen by SATT Aquitaine (Aquitaine Science Transfert), which also manages the related intellectual property, the 2023-founded firm continues to advance this breakthrough.

Founder and CEO Hugo Cartron said, "In 2024, recycling and environmental preservation are no longer optional. Furthermore, the regulatory context is favourable as by 2030, restrictions will be in place to limit the landfilling of end-of-life carbon fibre products that could be recycled or valorised. Our solution offers companies a concrete alternative to improve their production waste management and adopt a circular economy approach. Our goal is to use our technology to create a range of high-performance Nova Carbon® materials to meet the growing needs of industrial players while limiting the carbon footprint."

Investors from AFI Ventures (Ventech's early-stage impact fund), UI Investissement (Pertinence Invest 2 fund dedicated to deep tech seed funding), Épopée Gestion, Bleu Capital, Kima Ventures, the Nouvelle Aquitaine region (Nouvelle Aquitaine Co-investment), and a number of business angels from the aerospace and space industries contributed to Nova's fundraising efforts. ADI Nouvelle-Aquitaine helped Nova Carbon all the way through the financing process.

About Nova Carbon

The goal of Nova Carbon is to democratise the usage of carbon fibre by creating a variety of high-performing semi-finished products from waste carbon fibre. Long Fibre Realignment, a University of Bordeaux-patented method that preserves carbon fiber's excellent performance, is the foundation of Nova Carbon's innovative strategy.