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Graphite Innovation and Technologies
Techstars '21Dartmouth, CA · 4 known investors
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Graphene Enterprise develops biocide-free graphene-based coatings for marine vessels that reduce fuel consumption and emissions while managing biofouling on hulls and propellers. The coatings are designed for ship owners and commercial fleet operators seeking operational efficiency and environmental sustainability.
Also known as GIT · GIT Coatings · Graphene Enterprise
Investors · 4
How we know: Farvatn Venture's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Planet 9 Capital's portfolio page · Not right? Tell us
How we know: Seventure Partners's portfolio page · funding news · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us
Funding
SEC filings, press & company announcements- Undisclosed amountSeries AApr 2023Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Sep 2026Graphite Innovation and Technologies (GIT Coatings) is a Canada-based materials engineering company that develops graphene-based marine coatings for ship hulls and propellers. Its coatings are marketed as hard foul-release systems that are free of biocides and silicone oils, with attributes including ultra-low friction, fouling release, resistance to grooming and underwater cleaning, zero leaching, efficient application and extended coating lifetime. The stated purpose is to help ship owners and operators improve vessel performance while reducing emissions to air and water.
The current product line includes XGIT-FORCE, a hull coating positioned around surface smoothness and durability, and XGIT-VORTEX, a graphene-based propeller coating intended to maintain a cleaner, smoother propeller surface and deliver fuel savings of up to 5%, lower emissions and reduced performance degradation over the vessel operating cycle. The company frames propeller and hull condition as levers affecting fuel consumption, vessel speed, CII performance, EU ETS exposure and operating costs. Earlier products described include XGIT-Fuel, aimed at reducing fuel consumption and mitigating barnacle and algae buildup on hulls, and XGIT-URN, aimed at minimizing underwater radiated noise. The company describes its coating range as EEXI compliant and claims nearly four times better impact resistance than leading sustainable marine coatings.
Business model
GIT develops and manufactures proprietary graphene-based coating products that are sold and applied to commercial vessels' hulls and propellers, alongside publicly funded development and pilot programs such as a Transport Canada contract and an Ocean Supercluster project.
Traction
The company reports commercial application of its coatings on vessels, a customer pilot program with 10 boat owners, expanded production capacity, and fleet expansion by customer BW Epic Kosan following reported 6% out-of-dock fuel savings with maintained hull performance. Public-sector traction includes a CAD$2.4 million Transport Canada contract awarded in 2020 to pilot its prototype coating on fishing boats and leadership of a CAD$4.6 million Ocean Supercluster project on smart protective coatings.
Latest developments
Recent company announcements include the launch of XGIT-FORCE in February 2026, the appointment of maritime executive Chris Chatteron to the board of directors in May 2026, expanded use of its coatings by BW Epic Kosan in May 2026, the launch of XGIT-VORTEX at Posidonia 2026 alongside Lloyd's Register in June 2026, and a July 2026 announcement of production expansion supported by federal investment in Canada's defence sector.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
GIT is described as a graphene application developer and materials engineering startup focused on sustainable marine coatings, competing in the biocide-free foul-release segment of the marine coatings market.
GIT positions its coatings as free of biocides, copper and silicone oils while still managing marine growth, combining low friction for drag reduction with claimed impact resistance nearly four times better than leading sustainable marine coatings, resistance to grooming and cleaning, zero leaching and extended coating lifetime.
Technology
The core technology uses graphene nanoparticles dispersed in coating formulations to produce hard foul-release surfaces with low friction, high impact resistance and no biocides, copper or silicone oils. Product variants target fuel consumption and biofouling (XGIT-Fuel, XGIT-FORCE), underwater radiated noise reduction (XGIT-URN) and propeller performance (XGIT-VORTEX). The underlying graphene coating technology is patented.
Go-to-market
The company sells directly to ship owners and fleet operators, supported by vessel case studies, customer performance results, industry webinars and trade-show launches such as Posidonia, and works with classification and maritime partners including Lloyd's Register. It has also run a pilot program engaging 10 boat owners to trial the technology.
Ship owners, commercial fleet operators and marine services companies seeking fuel efficiency, biofouling management and regulatory compliance (EEXI, CII, EU ETS); early customers were largely local, including marine services company Horizon Maritime, and more recently gas carrier operator BW Epic Kosan.
Geography
Headquartered at 1 Research Drive, Dartmouth, Nova Scotia, Canada, with a global headquarters and flagship operations announced in October 2025 and commercial activity in international shipping markets, including a product launch in Greece at Posidonia.
History
The company has been developing its core graphene coating products since 2017, moving from project-by-project commercial application on boats to broader deployment. It patented a technology that uses graphene nanoparticles to create marine coatings for ship hulls. Production capacity was scaled from small batches of five gallons per day to a capacity of 55 gallons within a year. In October 2025 the company announced a new global headquarters and flagship operations, and in 2026 it launched XGIT-FORCE (February) and XGIT-VORTEX (June, at Posidonia alongside Lloyd's Register).
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 7
launches, deals, and filingsThe company announced plans to expand production supported by federal investment in Canada's defence sector.
GIT Coatings launched XGIT-VORTEX, a next-generation graphene-based propeller coating, at Posidonia 2026 alongside Lloyd's Register.
Customer BW Epic Kosan expanded use of GIT's coatings after reporting 6% out-of-dock fuel savings and maintained hull performance.
Maritime leader Chris Chatteron joined the company's board of directors.
GIT Coatings announced the launch of XGIT-FORCE, a hull coating positioned for hull performance management.
GIT was awarded a CAD$2.4-million Transport Canada contract to pilot its prototype coating system on fishing boats, focused on reducing underwater noise and greenhouse gas emissions.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Graphite Innovation and Technologiesgrapheneenterprise.ca · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Graphite Innovation and Technologies do?
- Canadian materials company making biocide-free, graphene-based hull and propeller coatings for commercial vessels.
- Who are Graphite Innovation and Technologies's investors?
- Graphite Innovation and Technologies's investors include Farvatn Venture, Planet 9 Capital, Seventure Partners, Techstars.
- Where is Graphite Innovation and Technologies headquartered?
- Graphite Innovation and Technologies is headquartered in Dartmouth, CA.