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Nuvola

YC W17

Los Angeles, US · Founded 2015 · Nevada corporation · 4 employees · 6 known investors

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Nuvola develops SafeCoat, a separator material for lithium-ion batteries designed to improve safety, performance, and manufacturing efficiency. The company serves battery original equipment manufacturers globally with its advanced coating technology.

Also known as Millibatt, Inc. · Inc. · Millibatt · Millibatt, Inc., Millibatt

Advanced ManufacturingClimate TechDeep TechEnergyNew MaterialsAlternative Battery TechClimateUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W17)

Nuvola was founded in 2015 by Janet Hur and Leland Smith.

JHJanet Hur
Janet HurCEO & CofounderJanet Hur is cofounder of Nuvola Technology, previously known as Millibatt, Inc.
LSLeland Smith
Leland SmithCo-founder · Chief Technology OfficerLeland Smith holds a background in materials science and chemical engineering and co-founded Millibatt, Inc. (now Nuvola Technology) in 2015 to commercialize advanced microbattery technology originally developed at UCLA. Since 2020, he has led the development of SafeCoat Direct Deposition Separator, an advanced coating material for lithium-ion batteries.
RL
Ronald L. Miller, Jr.Vice President, Chief Financial Officer, and Secretary
WR
William R. ScheidhauerPresident and Chief Operating Officer
JR
Jeffrey RassasPresident, Secretary, and Treasurer

Board

MA
Mitchell A. SaltzBoard director
BM
Barry M. MonheitBoard director
RJ
Robertson J OrrBoard director

Investors · 6

Pear VCreportedSan Francisco · $150K – $4M

How we know: Y Combinator's founder network · Not right? Tell us

Pegasus Tech VenturesreportedSan Jose

How we know: Y Combinator's founder network · Not right? Tell us

Q Venture Partnersreported

How we know: Y Combinator's founder network · Not right? Tell us

Strong Ventures, LlcreportedLos Angeles · $100K – $1M

How we know: Y Combinator's founder network · Not right? Tell us

Vy CapitalreportedDubai

How we know: Y Combinator's founder network · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$18.5M disclosed across 4 rounds · 2014–2017

▶$100KraisedApr 2017 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Barry M. MonheitDirector
  • Ronald L. Miller, Jr.Executive Officer
  • Mitchell A. SaltzDirector
  • William R. ScheidhauerExecutive Officer
Offering amount
$5M
Amount sold
$100K
Minimum investment
$50K
Finders' fees
$30K
Placement agents
Ray Saigh
First sale
Apr 2017
Incorporated
Corporation, Nevada, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$400KraisedFeb 2016 · 5 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Barry M. MonheitDirector
  • Ronald L. Miller, Jr.Executive Officer
  • William R. ScheidhauerExecutive Officer
  • Mitchell A. SaltzDirector
Offering amount
$5M
Amount sold
$400K
Minimum investment
$5K
Finders' fees
$40K
Placement agents
Ray Saigh
First sale
Jan 2016
Incorporated
Corporation, Nevada, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$17.8MraisedJan 2016 · 20 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Barry M. MonheitDirector
  • Ronald L. Miller, Jr.Executive Officer
  • Mitchell A. SaltzDirector
  • William R. ScheidhauerExecutive Officer
Offering amount
$17.8M
Amount sold
$17.8M
First sale
Dec 2015
Incorporated
Corporation, Nevada, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$200KraisedSep 2014 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey RassasExecutive Officer, Director
  • Robertson J OrrDirector
Offering amount
$500K
Amount sold
$200K
Minimum investment
$25K
First sale
Jun 2014
Incorporated
Corporation, Nevada, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through Nuvola went on to found or lead other companies.

Janet HurFounderFounded MillibattLeland SmithFounderFounded Millibatt

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GBatteriesGBatteries develops intelligent battery management systems and high-energy-density batteries using artificial intelligence and electrochemistry, targeting electric mobility applications from land to air transport.
Helion EnergyHelion develops fusion energy systems designed to generate clean electricity for commercial use. The company builds pulsed magnetic fusion prototypes with applications for industrial and commercial electricity generation.
OkloOklo develops next-generation fast fission reactors for producing clean electricity at scale, with a focus on safety features and the ability to use recycled nuclear waste as fuel. The company's Aurora reactor is designed to generate up to 75 megawatts of electrical power.

Companies working in the same space as Nuvola.

Legal entities · 1

corporate structure
Millibatt, Inc.

In the news

Deep-Tech Battery Separator Startup - Nuvola Technologynuvola.tech · Jan 2023

Frequently asked questions

What does Nuvola do?
Nuvola develops SafeCoat, a separator material for lithium-ion batteries designed to improve safety, performance, and manufacturing efficiency. The company serves battery original equipment manufacturers globally with its advanced coating technology.
Who founded Nuvola?
Nuvola was founded by Janet Hur, Leland Smith in 2015.
Who are Nuvola's investors?
Nuvola's investors include Y Combinator, Pear VC, Pegasus Tech Ventures, Q Venture Partners, Strong Ventures, Llc, Vy Capital.
How much funding has Nuvola raised?
Nuvola has disclosed $18.5M raised across 4 rounds.
Where is Nuvola headquartered?
Nuvola is headquartered in Los Angeles, US.