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COnovate
Wauwatosa, US · Founded 2020 · Delaware corporation · 1 known investors
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COnovate develops eCOphite, a carbon-based nanomaterial used as a drop-in anode material for lithium-ion batteries, aiming to improve charging speed, capacity, cold-weather performance, and safety. The material is derived from bio-renewable feedstock intended to reduce reliance on critical minerals, and is marketed to the battery industry.
Founders & leadership
COnovate was founded in 2020 by Carol Hirschmugl.
Board
Investors · 1
How we know: Tundra Angels's portfolio page · conovateinc.com · funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$2.5M disclosed across 1 round · 2024
▶$2.5MraisedFeb 2025 · 18 investors · OtherRule 506(b)
- Kiyomi MonroDirector
- Craig RigbyDirector
- Jeff MooreExecutive Officer
- Carol HirschmuglExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $2.5M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 1
Companies working in the same space as COnovate.
Non-dilutive funding · 5 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Science Foundation | Phase II | 2022 | $1M |
| Department of Agriculture (USDA) | Phase I | 2022 | $181.5K |
| Department of Energy | Phase IISTTR | 2019 | $1M |
| National Science Foundation | Phase I | 2019 | $225K |
| Department of Energy | Phase ISTTR | 2018 | $154.8K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does COnovate do?
- COnovate develops eCOphite, a carbon-based nanomaterial used as a drop-in anode material for lithium-ion batteries, aiming to improve charging speed, capacity, cold-weather performance, and safety. The material is derived from bio-renewable feedstock intended to reduce reliance on critical minerals, and is marketed to the battery industry.
- Who founded COnovate?
- COnovate was founded by Carol Hirschmugl in 2020.
- Who are COnovate's investors?
- COnovate's investors include Tundra Angels.
- How much funding has COnovate raised?
- COnovate has disclosed $2.5M raised across 1 round.
- Where is COnovate headquartered?
- COnovate is headquartered in Wauwatosa, US.