Powering Up Battery Startup with Expertise and Investment

Anodox provides high capacity, high power batteries, and IoT modules.

Anodox faced challenges in securing funding across multiple rounds for their hardware-focused battery or electric vehicle startup. They required strategic advice and support in various business development activities to strengthen their market presence.


How We Helped

We assisted Anodox by initially vetting and then making a cash investment. NovAzure also entered into a sweat equity agreement, contributing resources for finance, planning, project management, and business development to hasten the company’s launch and enhance its valuation.

Our support included a comprehensive initial valuation assessment, formulating and implementing a value-maximising strategy, and introducing strategic partners like Shell for R&D, business development, and marketing, as well as EMR for recycling.

Additionally, we provided professional legal advice and collaborated on creating an IP strategy to further secure and advance Anodox’s market position.

The Value We Created

We significantly enhanced Anodox’s market standing and operational capabilities.

Our involvement led to a successful €1.2 million funding round, strengthening the company’s financial base and attractiveness to investors.

We established and nurtured key strategic partnerships with Shell and EMR, expanding Anodox’s technical expertise, business development reach, and sustainability initiatives.

Additionally, we crafted and facilitated a strategic venture-building journey, focusing on scaling and commercialization to demonstrate profitable cash flows to potential investors and partners in the hardware sector.


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If you are encountering challenges in need of strategic advice, looking to enhance your business development activities, or aiming to establish strategic partnerships and customer relationships, please reach out to Christopher Gruen at c.gruen@novazure.com

Want to know more? Talk to us!

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