New Orleans, LA – According to filings with the U.S. Securities and Exchange Commission, Advano is raising $20,800,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Shiva Adireddy played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Advano
Founded in 2016, and 2017 graduate of Y Combinator, Advano is a New Orleans-based company delivering a scalable solution for lithium-ion batteries with higher energy density. By conquering the challenges of silicon, Advano integrates or completely replaces graphite in todays lithium-ion batteries with its advanced silicon anode material improving the longevity of lithium-ion batteries for blue chip battery manufacturers and Tier one consumer electronics and automotive companies.

To learn more about Advano, visit http://www.advano.io/

Contact:
Shiva Adireddy, Chief Executive Officer
415-634-9866
https://www.linkedin.com/in/shiva-adireddy-5aab1850/

SOURCE: http://www.intelligence360.io
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