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COnovate

Conovate is a developer of bio-sourced electrode eCOphite materials
2016
Nov-50
11-50
Wisconsin, United States

www.conovateinc.com

BatteriesIndustrial ManufacturingMaterials
  • Batteries
  • Industrial Manufacturing
  • Materials
Innovation
Investment Funding
People
About
Products
Future Plan
M&A and Collabs
News

Innovation

Industry Problem

Lithium-ion batteries rely heavily on mined or petroleum-derived graphite, creating supply, cost, and environmental risks.

R&D Focus

Bio-sourced carbon anode materials, electrochemical performance, and battery-material scale-up.

Innovative Solution

eCOphite is a bio-sourced carbon material designed to replace or supplement conventional graphite in battery anodes.

Investment Funding

Last Funding Stage

Grant

Total Funding Amount

$2.51 M

Last Funding Amount

$3.5M

Last Funding Date

12/25/2022

Startup Stage

Early Stage

Lead Investors

Jennifer Abele, Milwaukee Venture Partners, UWM Research Foundation, Department of Agriculture, Tundra Angels

People

Founders

  • Carol Hirschmugl
  • Marija Gajdardziska-Josifovska

CEO

  • Carol Hirschmugl

About

Conovate is a developer of bio-sourced electrode eCOphite materials

Products

Product

eCOphite bio-sourced battery-anode material.

Star Product

eCOphite – the company’s core low-impact anode material.

Demo Product or Complete Product?

Pilot validation and commercialization scale-up.

Future Plan

Investment Funding

The company reports more than $3.5 million in grants since 2018, about $1.7 million in investment, and a seed-round commercialization effort.

M&A and Collabs

Collab

University of Wisconsin–Milwaukee Research Foundation – technology licensing and commercialization.

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