In a milestone move, Nanogence is solidifying its presence in the United States and India with the launch of commercial production and customer supply. To cater the rising demand, the Swiss material innovation startup expects to grow significantly in the coming months especially now with backing from institutional growth investors.
Nanogence is driving a revolution in sustainability, redefining industry standards while delivering substantial cost savings to customers. Using innovative materials and cutting-edge technologies, the company cofounded and led by Abhishek Kumar has introduced a range of eco-friendly custom solutions that not only enhance structural integrity, but also significantly reduce carbon emissions.
The Vaud-based startup specializes in producing groundbreaking catalysts utilized across the infrastructure sector, resulting in substantial reductions in carbon footprints. With operational subsidiaries in the USA (in Sacramento and Atlanta since 2023) and India (in Bengaluru and Noida since 2022), Nanogence caters to a wide array of industrial clients, including cement, concrete, mortar, roads, mining, and recycled concrete, etc.
According to Nanogence's CEO, the company's products are integral to various stages of infrastructure development, from new constructions to renovations and recycling efforts. With a presence in the USA and India, Nanogence taps into a combined market worth exceeding $200 billion. Given the current emphasis on sustainability across industries, fueled by governmental regulations, carbon taxation, and a global pursuit of greener solutions, Nanogence offerings are positioned to meet evolving market demands.
Ready to Scale Further:
Having entered the Indian market in 2022 and the US market in 2023, Nanogence is now equipped with two production facilities in each country, poised to cater to larger commercial volumes. Discussing the company's commercial trajectory, the CEO notes, "We are engaged with over 100 customers across various regions, with this number steadily increasing. In the USA, Nanogence operates in Georgia and California and plans expansion into eight additional states within the next two years. In India, where our presence spans the northern and southern regions, we aim to establish four new production sites in 2024."
Looking ahead, Abhishek Kumar emphasizes, "We are committed to fulfilling all commercial agreements signed in the forthcoming months, with ongoing recruitment efforts in the US and Indian markets." Nanogence anticipates employing over 100 professionals by year-end, alongside plans to relocate to a new tailored premises in Switzerland HQ by mid-year. This move will facilitate the establishment of a new global research center, product development hub, and global management offices, further bolstering Nanogence operations in Switzerland and across Europe.
(ES)
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