CLIENT:
CATEGORY:
Strategy, Fundraising, Commercial Growth
DURATION:
Ongoing
Intro
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.
“Being one of our first investors NovAzure had skin in the game right from the start.
Applying NovAzure’s venture build program meant that they became part of our team, giving us not only strategic advice, but also structure to execute our implementation plan.
The team helped us to accelerate our funding journey and create strategic partnerships which will enable us to apply a circular economy model, enhance our IP and eventually increase our valuation.
NovAzure has been essential for us to grow! “
CEO at Anodox, Theodore Zannakis
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 commercialisation to demonstrate profitable cash flows to potential investors and partners in the hardware sector.
