Carbonova
Carbonova is a Calgary-based cleantech company that uses a patented catalytic process to convert CO2, methane, and waste heat into high-performance carbon nanofibers for B2B sale to Fortune 500 customers in batteries, composites, and construction materials.
- Company typePrivate
- Founded2018
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Carbonova does
Carbonova is a Calgary-based cleantech company founded in 2018 that has developed a patented catalytic process to convert captured CO2, methane, and waste heat into high-performance carbon nanofibers (CNF). The proprietary process reportedly uses 100x less energy per kilogram of nanofiber produced than competing methods, while yielding a net-negative carbon footprint (one kg CO2 removed per kg of nanofiber produced). Carbonova targets three primary end-markets with its nanomaterials: plastics/composites (lighter, stronger, more thermally stable carbon-reinforced plastics), lithium-ion batteries (higher energy density, faster charging, extended lifespan), and construction (concrete with up to 100% improvement in compressive strength and improved crack/corrosion resistance).
The company is pre-commercial and is constructing its first Commercial Demonstration Unit (CDU-25) in Calgary, which is designed to produce 25 tonnes of CNF annually, with commissioning targeted for mid-2027. The total demonstration project is valued at C$13.6M and is financed through a combination of non-dilutive grants and equity. Carbonova's revenue model is hardware sales of nanomaterials to enterprise customers via a B2B direct sales motion, with the company claiming commercial traction with Fortune 500 customers. Headcount is in the 11–50 range, anchored by a leadership team with prior executive experience at Suncor, Cabot, Monolith Materials, and 88 Street Capital.
Cumulative funding to date includes approximately C$5.1M oversubscribed equity (Dec 2025), a C$4.38M grant from Emissions Reduction Alberta (Jul 2025), a US$6M round (Apr 2025), a US$4.46M strategic round led by Kolon Industries with participation from the Natural Gas Innovation Fund (Mar 2024), and CAD $2M from Sustainable Development Technology Canada (Feb 2023). The company also participated in Creative Destruction Lab in 2020. Investors include strategic corporate capital (Kolon), provincial/federal non-dilutive funding (ERA, SDTC), and private investors. The company is headquartered at 3200 14 Ave NE Bay #1, Calgary, Alberta, with operations limited to North America at present despite global end-market ambitions.
Carbonova firmographics
Firmographics- Name
- Carbonova
- Legal name
- Carbonova Corp.
- Website
- https://carbonova.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Carbonova is a Calgary-based cleantech company that uses a patented catalytic process to convert CO2, methane, and waste heat into high-performance carbon nanofibers for B2B sale to Fortune 500 customers in batteries, composites, and construction materials.
- Ownership category
- akta.pro rank
Carbonova industry classification
Industry- Product category
- Carbon Nanomaterials
- NAICS
- Carbon and Graphite Product Manufacturing (335991), Chemical Manufacturing (325), Research and Development in Nanotechnology (541713)
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO) (EUABAIAG)
- akta.pro secondary industries
- Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO), Industrial & Refrigerant Emissions Reduction (N2O, HFCs, SF6, Process Emissions) (EUABABAM)
Keywords
Where Carbonova is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Carbonova business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Carbon Nanomaterial Sales: Sales of carbon nanofibers produced from converting captured CO₂ and natural gas into nanomaterials for industrial applications including batteries, plastics/composites, and construction materials
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Carbonova product offering
Product offeringCore offering
Carbonova develops and produces high-performance carbon nanofibers (CNF) through a patented catalytic process that converts captured CO2, methane, and waste heat into nanomaterials. The company sells these carbon nanofibers as a drop-in performance additive for use in lithium-ion batteries, carbon-reinforced plastics and composites, and concrete for the construction sector. Its first commercial demonstration unit (CDU-25), under construction in Calgary, is designed to produce 25 tonnes of CNF annually for industrial customers.
Product overview
Carbonova is a cleantech company offering a unified technology platform that converts captured greenhouse gas emissions (CO₂ and methane) into high-performance carbon nanofibers. Their core product is Carbon Nanofibers (CNF), produced through a patent-protected catalytic process. The company is building its first Commercial Demonstration Unit (CDU-25) in Calgary, Alberta, which will produce 25 tonnes of CNF annually. Their nanomaterials are marketed for three primary industry applications: plastics/composites, lithium-ion batteries, and construction materials (concrete). The company positions itself as offering direct integration of its materials into customers' manufacturing processes for enhanced product performance.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 100x lower energy use than competitors per kg of nanofiber produced
- +3 more outcomes
Companies that use Carbonova
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
Carbonova technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Carbonova partnerships and signals
Strategic signalScale indicators9 records
Recent moves8 records
Expansion highlights5 records
Carbonova competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat6 records
Key risks1 record
Key highlights6 records
Customer concentration
Carbonova social profiles
Digital presenceCarbonova financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carbonova leadership team
Management profileNumber of profiles
Profiles5 records
Carbonova funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carbonova M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carbonova
What does Carbonova do?
Carbonova develops and produces high-performance carbon nanofibers (CNF) through a patented catalytic process that converts captured CO2, methane, and waste heat into nanomaterials. The company sells these carbon nanofibers as a drop-in performance additive for use in lithium-ion batteries, carbon-reinforced plastics and composites, and concrete for the construction sector. Its first commercial demonstration unit (CDU-25), under construction in Calgary, is designed to produce 25 tonnes of CNF annually for industrial customers.
Is Carbonova a public or private company?
Carbonova is a private company. It is classified as venture growth investor backed and is currently operating.
When was Carbonova founded?
Carbonova was founded in 2018. It employs 11 to 50 people.
Where is Carbonova based?
Carbonova is headquartered in Calgary, Canada, in the North America region.
How does Carbonova make money?
One revenue line is on record: carbon Nanomaterial Sales.
Does Carbonova have an API?
No public API is recorded for Carbonova.
What industry is Carbonova in?
Carbonova's product category is Carbon Nanomaterials. Its primary akta.pro industry code is EUABAIAG, Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO), with a secondary code of IMAEAFAO, Functional Carbon Fillers (Carbon Black, Graphite). Its NAICS code is 335991 and its SIC code is 2860.