Nano One
Nano One Materials Corp. is a Vancouver-based process technology company commercializing a patented One-Pot manufacturing process for lithium-ion battery cathode active materials, principally LFP, targeting EV, energy storage, and defense customers through licensing, direct sales, and joint ventures.
- Company typePublic
- Founded2011
- HeadquartersVancouver, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nano One does
Nano One Materials Corp. (TSX: NANO) is a Vancouver-based process technology company developing patented manufacturing methods for lithium-ion battery cathode active materials (CAM), principally lithium iron phosphate (LFP). The company's core technology is the One-Pot process, a single-reactor synthesis route that consolidates multiple conventional CAM production steps into one vessel, and the complementary M2CAM (Metals Direct to CAM) technology that converts metal feedstocks directly into CAM without precursor intermediates. Together these are claimed to reduce CAPEX and OPEX by 30%, cut energy and water consumption by up to 80%, eliminate sodium sulfate wastewater discharge, and lower greenhouse gas emissions by 50-60% compared with incumbent LFP production methods. Nano One operates two Canadian facilities: an Innovation Hub in Burnaby, British Columbia for R&D and a Commercialization Hub in Candiac, Quebec, the latter acquired from Johnson Matthey Battery Materials Canada in 2022 and currently operating a 200 tonne-per-annum pilot line with a commercial demonstration line targeting 800 tpa by H1 2027.
The company is pre-revenue and monetizes through a multi-channel model: licensing the One-Pot LFP CAM Package globally via its strategic alliance with Worley Chemetics under a 20-year revenue-sharing arrangement, direct product sales of LFP from Candiac to defense, energy storage, and EV customers with initial commercial supply agreements targeted for late 2026, joint ventures with regional partners for localized production, and sale of engineering services and equipment packages. Strategic shareholders include Sumitomo Metal Mining (C$16.9M investment, September 2023), and the company has built a partnership network spanning Rio Tinto, BASF, Umicore, Volkswagen, and Hatch. Cumulative non-dilutive government funding exceeds C$63 million since early 2024, anchored by US Department of Defense (US$12.9M), Natural Resources Canada, Investissement Quebec, Next Generation Manufacturing Canada, and Sustainable Development Technology Canada. As of June 2026, the company is led by CEO Alex Holmes following the retirement of founder Dan Blondal.
Customer segments span stationary energy storage systems (over 90% of global LFP installations), electric vehicle OEMs and battery cell manufacturers, defense and national security buyers requiring supply chain resilience, and portable electronics. The end-market problem Nano One targets is the geographic concentration of LFP cathode production (approximately 98% in China), the environmental permitting burden of conventional sulfate-based processes, and the capital intensity of building new LFP capacity in Western jurisdictions. The modular, design-one-build-many plant architecture is positioned to enable distributed production in North America, Europe, and the Indo-Pacific region through licensing rather than solely through Nano One-owned capacity.
Nano One firmographics
Firmographics- Name
- Nano One
- Legal name
- Nano One Materials Corp.
- Website
- https://nanoone.ca
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Nano One Materials Corp. is a Vancouver-based process technology company commercializing a patented One-Pot manufacturing process for lithium-ion battery cathode active materials, principally LFP, targeting EV, energy storage, and defense customers through licensing, direct sales, and joint ventures.
- Ownership category
- akta.pro rank
Nano One industry classification
Industry- Product category
- Battery Cathode Materials
- NAICS
- Battery Manufacturing (33591)
- SIC
- Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Cathode Active Materials (CAM) Manufacturing (EUAFABAB)
Keywords
Where Nano One is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Nano One business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Technology Licensing: Nano One licenses its One-Pot LFP CAM Package to third-party manufacturers globally through its partnership with Worley. The licensing model includes technology licenses, process design packages, and proprietary equipment packages, with revenue sharing over a 20-year term.
- Product Sales: Direct sales of lithium iron phosphate (LFP) cathode active materials produced at the Candiac demonstration facility. The company targets initial commercial supply agreements for defense and energy storage applications by end of 2026.
- Joint Ventures: Strategic joint ventures with partners for localized production in key markets, leveraging Nano One's technology and partner's manufacturing capabilities and market access.
- Engineering Services: Sale of facility packages including detailed engineering, process design, and operational know-how to licensees deploying One-Pot technology globally.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Nano One product offering
Product offeringCore offering
Nano One develops, patents, and commercializes the One-Pot™ process technology for producing lithium iron phosphate (LFP) cathode active materials used in lithium-ion batteries. The company sells LFP cathode materials from its Candiac, Quebec demonstration facility and licenses the integrated One-Pot LFP CAM Package (technology, process design, and qualified equipment) to third-party manufacturers globally through its partnership with Worley Chemetics.
Product overview
Nano One is a process technology company offering a portfolio of patented cathode active material production technologies centered on the One-Pot™ process and M2CAM® (Metals Direct to CAM) technology. The core One-Pot process consolidates multiple manufacturing steps into a single reactor, producing lithium iron phosphate (LFP) cathode materials at reduced CAPEX/OPEX (30% reduction), energy consumption (80% reduction), and eliminated sulfate wastewater. The company operates two facilities: an Innovation Centre in Burnaby, BC for R&D and process development, and a Commercialization Hub in Candiac, Quebec featuring piloting and demonstration production lines. Nano One commercializes its technology through the One-Pot LFP CAM Package—a licensable offering that bundles the technology license, process design package, and qualified equipment for third-party manufacturers. Strategic partners including Sumitomo Metal Mining, Rio Tinto, and Worley support the Design-One-Build-Many licensing growth strategy.
Differentiator
Problem solved
Functional benefit
Products and services
- LFP Cathode Active Materials (CAM) Lithium iron phosphate battery cathode active materials manufactured using the One-Pot process at the Candiac, Quebec commercialization hub, sold to enterprise customers in electric vehicles, stationary energy storage, and defense applications. Production capacity is scaling from the current 200 tpa pilot line toward 800 tpa demonstration capacity (with path to 1,000+ tpa) and a 25,000 tpa full-scale plant design.
- One-Pot LFP CAM Package Licensable cathode active materials engineering package that bundles the One-Pot technology license, process design package (process flow sheets, detailed engineering, operational know-how), and qualified proprietary equipment, marketed and deployed globally through the Worley Chemetics alliance for third-party LFP manufacturers.
Quantifiable outcome
- 30% CAPEX and OPEX reduction versus conventional LFP production
- +4 more outcomes
Companies that use Nano One
Customer profileSegments4 records
Ideal customer profiles3 records
Nano One technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nano One partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, major, core and supporting.
- Worley ChemeticsflagshipStrategic alliance agreement to co-develop a comprehensive Cathode Active Materials (CAM) package integrating Nano One's patented One-Pot process into a modular engineering design. Includes shared IP, process flow sheets, detailed engineering, operational know-how, and proprietary equipment. Separate License Agreement governs global sale of CAM packages with 20-year term and revenue sharing.
- Johnson MattheymajorAcquired Johnson Matthey's Battery Materials Canada business for C$10.25 million, including the Candiac LFP production facility with existing equipment, infrastructure, and experienced team with over 15 years of commercial cathode manufacturing experience.
- Rio TintocoreStrategic collaboration to support Nano One's push to establish non-China LFP production. Partnership leverages Rio Tinto's mining capabilities and global reach for supply chain integration.
- BASFsupportingStrategic collaboration mentioned as part of Nano One's technology partnership ecosystem for cathode materials production.
- UmicoresupportingStrategic partnership for battery materials value chain integration mentioned as part of collaborative ecosystem.
- VolkswagensupportingPartnership mentioned as part of automotive OEM collaborations supporting technology validation and market development.
- HatchsupportingConducted technical study confirming environmental benefits of Nano One's One-Pot and M2CAM technologies for battery equipment manufacturers.
Scale indicators10 records
Recent moves7 records
Expansion highlights7 records
Nano One competitors and assessment
Company assessmentDirect peers
- POSCO Future M: Korean cathode active materials producer supplying NCM and LFP for major global EV and ESS OEMs. Directly comparable to Nano One as a large-scale CAM manufacturer targeting the same LFP and broader lithium-ion cathode markets.
- EcoPro BM: Leading Korean high-nickel and emerging LFP cathode active materials producer serving global battery cell makers. Comparable as a major CAM manufacturer expanding into LFP chemistries adjacent to Nano One's target market.
- Sumitomo Metal Mining: Japanese non-ferrous metals and cathode materials producer and Nano One's strategic investor (C$16.9M, 2023). Comparable as a major cathode materials supplier to Tier-1 automotive OEMs and global battery cell manufacturers actively evaluating LFP chemistries.
Broad incumbents
- Umicore: Global materials technology and recycling group with a major cathode materials business serving automotive and battery OEMs. Comparable as a broad incumbent in CAM and battery materials, listed as a Nano One collaboration partner for value chain integration.
- BASF: Global chemical company with a Battery Materials division producing cathode active materials for lithium-ion batteries. Comparable as a broad incumbent in CAM and battery materials, mentioned as a Nano One technology partner.
- Johnson Matthey: UK-headquartered specialty chemicals and battery materials company that divested its Candiac LFP business to Nano One in 2022. Comparable as a legacy LFP cathode materials incumbent whose Canadian assets are now operated by Nano One.
- Mitsubishi Chemical Group: Japanese chemical conglomerate with a battery materials business producing cathode active materials and electrolytes. Comparable as a broad incumbent targeting the same lithium-ion CAM end-markets as Nano One, with established OEM relationships.
Regional players
- Targray Technology International: Canada-based specialty materials supplier and distributor of battery materials including LFP cathode materials across North America. Comparable as a North American-focused LFP materials channel participant serving the same regional customer base.
Emerging players
- Forge Battery: US-based emerging battery cell and materials developer focused on North American LFP production for EV and energy storage. Comparable as an emerging North American LFP player pursuing similar localization and supply-chain diversification themes.
- ICoNiChem: Specialty producer of battery-grade nickel and cobalt chemicals used as precursors in cathode active material production. Comparable as an emerging specialty battery chemicals producer focused on supplying CAM inputs adjacent to Nano One's M2CAM feedstock strategy.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Nano One social profiles
Digital presenceNano One financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nano One leadership team
Management profileNumber of profiles
Profiles7 records
Nano One funding detail
Funding detailFunding overview
Funding rounds18 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nano One M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nano One
What does Nano One do?
Nano One develops, patents, and commercializes the One-Pot™ process technology for producing lithium iron phosphate (LFP) cathode active materials used in lithium-ion batteries. The company sells LFP cathode materials from its Candiac, Quebec demonstration facility and licenses the integrated One-Pot LFP CAM Package (technology, process design, and qualified equipment) to third-party manufacturers globally through its partnership with Worley Chemetics.
Is Nano One a public or private company?
Nano One is a public company. It is classified as public and is currently operating.
When was Nano One founded?
Nano One was founded in 2011. It employs 51 to 100 people.
Where is Nano One based?
Nano One is headquartered in Vancouver, Canada, in the North America region.
How does Nano One make money?
Four revenue lines are on record. Technology Licensing is the primary driver. The others are product Sales, joint Ventures and engineering Services.
Who are Nano One's main competitors?
Direct peers on record are POSCO Future M, EcoPro BM and Sumitomo Metal Mining. Broad incumbents are Umicore, BASF, Johnson Matthey and Mitsubishi Chemical Group. Targray Technology International is listed as a regional player. Emerging players are Forge Battery and ICoNiChem.
Does Nano One have an API?
No public API is recorded for Nano One.
What industry is Nano One in?
Nano One's product category is Battery Cathode Materials. Its primary akta.pro industry code is EUAFABAB, Cathode Active Materials (CAM) Manufacturing. Its NAICS code is 33591 and its SIC code is 2890.