Novac, a startup that produces supercapacitors for the energy, mobility and industrial sectors, has just successfully closed a €3.5 million seed funding round, supported by Eureka! Fund – Technology Transfer, operated by Eureka! Venture SGR, CDP Venture Capital SGR and Galaxia. This achievement marks an important step towards the scalability of Novac’s technology, but also underlines the crucial role of Turin and its innovation support structures, such as I3P and ESA BIC Turin.
The startup is incubated at I3P, the Innovative Business Incubator of the Polytechnic University of Turin, a fundamental point of reference for the Turin entrepreneurial ecosystem. I3P offers an ideal environment for high-tech startups, providing strategic support, mentoring and valuable resources to grow and develop. Novac benefits from this support under the ESA BIC Turin programme, managed by I3P in collaboration with the Politecnico di Torino and the LINKS Foundation, with the contribution of ESA European Space Agency and ASI Italian Space Agency. This incubation program stands out for its focus on space innovation, giving Novac access to world-class resources and expertise to apply its technology in key industries such as aerospace.
The startup specializes in the production of next-generation supercapacitors, intended to make energy storage systems more sustainable. Supercapacitors offer high power density and extremely fast charging times, making them ideal for handling energy spikes, thus supporting batteries and increasing overall system efficiency. Novac’s proprietary and patented technology has the potential to revolutionize several industries, including automotive, aerospace, marine, and industrial, with an estimated global market of €6.5 billion.
In the automotive sector, Novac optimizes energy recovery during braking and supports rapid acceleration thanks to its supercapacitors. In aerospace, supercapacitors power critical operations, such as SAR satellites and solar panel deployment, without the need to oversize batteries. In industrial and marine applications, Novac helps reduce energy consumption and increases the efficiency of production rigging and systems, while also improving business continuity and reducing maintenance costs.
Matteo Bertocchi, Co-Founder and CEO of Novac, said: “We are thrilled to have successfully closed this seed round, a milestone for Novac. We want to express a Heartfelt thanks to Eureka! Venture and CDP Venture Capital for renewing our confidence in our project, and we warmly welcome Galaxia, the National Technology Transfer Hub for Aerospace, whose support confirms the great potential of our technology in the aerospace sector. With this investment, we will be able to scale our technology through the creation of a pilot line in 2025, getting closer and closer to our goal of developing and manufacturing high-performance supercapacitors in Italy.”
Anna Amati, Co-founder & General Partner of Eureka! Venture SGR , commented: “We have supported Novac from the beginning, believing in the founders and their ability to create value. Today, with this new round, focused on the implementation of the pilot line, we confirm and strengthen our confidence in the team and in the potential of their solutions. The involvement of CDP Venture Capital, also through Galaxia, represents an important confirmation for the company for the validation of its proprietary technology in the aerospace sector.”
Stefano Molino, Head of the Accelerator Fund at CDP Venture Capital, added: “We are very satisfied with the progress that Novac is making, a company that we have been supporting since the first edition of the Motor Valley Accelerator. With this new investment, which also involves Galaxia, we reaffirm our confidence in this team, which is leading one of the most promising initiatives in the panorama of national technological innovation. We firmly believe that they can play an increasingly central role in the electric mobility market.”
