What Anovion Technologies does

Anovion Technologies, operating under the M2Graphite brand, manufactures synthetic graphite anode material for lithium-ion batteries and claims to operate North America's first commercially operational capacity dedicated to this product. Founded by industry veterans with over 140 years of combined materials science expertise, the company runs a fully operational pilot production and R&D Center of Excellence in Sanborn, NY (2050 Cory Dr.) and is building a large-scale manufacturing facility in Bainbridge, GA, with a stated target of 40,000 tonnes per annum of finished product by 2028. Its 100% US-owned and US-sourced supply chain is positioned as a strategic answer to dependence on Chinese anode graphite imports, a position reinforced by its participation in the antidumping case that imposed approximately 160% effective tariffs on Chinese competitors.

The company sells synthetic graphite anode material to lithium-ion battery manufacturers through a direct enterprise field sales motion, with product currently qualified and in production for commercial electric vehicle and Department of Defense aerospace applications, and additional qualification testing underway with leading EV manufacturers. Anovion is a member of the National Graphite Association (NAGA), NAATBatt, and the Military Power Sources Consortium (MPSC), the latter representing a core defense-industry relationship. It also co-founded the American Active Anode Material Producers Coalition alongside Syrah Technologies, Novonix, Epsilon Advanced Materials, and SKI US. Headcount is reported at 11-50 employees, consistent with a privately held, early-commercial-stage industrial supplier, and revenue is not publicly disclosed.

Name

Anovion Technologies

Legal name

M2Graphite

Website

https://anoviontech.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Anovion Technologies, operating as M2Graphite, manufactures synthetic graphite anode material for lithium-ion batteries and runs North America's first commercially operational dedicated capacity. The company serves electric vehicle manufacturers, DoD aerospace, and stationary storage customers from facilities in Sanborn, NY and Bainbridge, GA, with plans to scale to 40,000 tpa by 2028.

Ownership category

akta.pro rank

Product category

Battery Anode Materials

NAICS

Carbon and Graphite Product Manufacturing (335991)

akta.pro primary industry

Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)

Keywords

• Synthetic graphite anodes
• Lithium-ion battery materials
• Battery anode manufacturing
• Graphite material production
• Domestic battery supply chain

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Synthetic Graphite Anode Material Sales: Revenue generated from the production and sale of synthetic graphite anode material to lithium-ion battery manufacturers. Product is currently in production and shipping to customers, with qualified customers in commercial electric vehicle and DoD aerospace applications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Anovion Technologies (operating as M2Graphite) manufactures synthetic graphite anode material for lithium-ion batteries, operating North America's first commercially operational capacity dedicated to this product. Production occurs at a pilot plant and R&D Center of Excellence in Sanborn, NY, with a large-scale manufacturing facility in Bainbridge, GA under expansion toward 40,000 tonnes per annum capacity by 2028. Product is qualified and in production for commercial electric vehicle and US Department of Defense aerospace customers.

Product overview

Anovion Technologies operates as a manufacturer of synthetic graphite anode material for lithium-ion batteries under the M2Graphite brand. The company runs a pilot production and R&D Center of Excellence in Sanborn, NY, with a planned large-scale manufacturing facility in Bainbridge, GA. M2Graphite is currently commercially operational and shipping to customers in the electric vehicle and DoD aerospace sectors. The company has expansion plans to raise capacity to 40,000 tpa finished product by 2028.

Differentiator

Problem solved

Functional benefit

Products and services

• M2Graphite Synthetic Graphite Anode Material Battery-grade synthetic graphite anode material manufactured for use as the active anode material in lithium-ion battery cells. Sold to lithium-ion battery manufacturers, electric vehicle OEMs, and defense/aerospace customers; currently in commercial production for EV and DoD aerospace applications.

Quantifiable outcome

• First commercially operational synthetic graphite anode capacity in North America

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• American Active Anode Material Producers CoalitioncoreStrategic or Co-development Partner · 19 July 2025Five-member coalition of U.S.-based synthetic graphite producers including Syrah Technologies, Novonix, Epsilon Advanced Materials, Anovion, and SKI US. Jointly filed antidumping and countervailing duty petitions against Chinese imports, resulting in approximately 220% effective tariffs on Chinese graphite anode material.
• National Graphite Association (NAGA)minorOthersIndustry association partnership supporting the development of a resilient and sustainable North American battery supply chain. M2Graphite is a member of this organization working to advance domestic graphite manufacturing.
• NAATBatt (National Alliance for Advanced Transportation Batteries)minorOthersIndustry association partnership focused on advancing battery technology and manufacturing in North America. M2Graphite partners with this organization as part of its industry engagement strategy.
• Military Power Sources Consortium (MPSC)coreOthersConsortium focused on military power sources and battery technology for defense applications. M2Graphite has qualified product in production for DoD aerospace applications, indicating a core partnership relationship.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Novonix: Novonix is a leading North American synthetic graphite anode material producer and a fellow member of the American Active Anode Material Producers Coalition with Anovion. Both target the same lithium-ion battery cell customers and compete head-to-head on synthetic graphite supply to US gigafactories.
• Syrah Technologies (Vianode): Syrah Technologies / Vianode produces synthetic graphite anode material at commercial scale (Vidalia, LA) and is another member of Anovion's anti-dumping coalition. Direct competitor for North American EV and ESS cell manufacturer customers.
• Epsilon Advanced Materials: Epsilon Advanced Materials manufactures synthetic graphite and carbon anode materials and is a coalition partner with Anovion in the US anti-dumping petition. Direct competitor targeting US and European lithium-ion battery cell makers.
• SKI US (SK On): SKI US is the US arm of SK On and is developing synthetic graphite anode production capacity in the US; also part of Anovion's anti-dumping coalition. Both target the same Korean-sourced gigafactory supply chain with vertically integrated anode material ambitions.

Emerging players

• Talga Resources: Talga Group is developing graphite anode materials (predominantly natural graphite-based with synthetic processing) from its Vittangi project in Sweden. Comparable as a non-Chinese graphite anode material supplier targeting European and global EV customers.
• Nouveau Monde Graphite: Nouveau Monde Graphite is developing natural graphite anode material production in Quebec for North American EV and ESS customers. Adjacent competitor in the localized graphite anode supply chain opportunity that Anovion addresses.
• Graphite One: Graphite One is developing an integrated graphite mining and processing operation in Alaska with plans for advanced anode material production. Comparable as a North American-focused graphite anode material developer targeting the same domestic supply chain theme.
• Westwater Resources: Westwater Resources is developing natural graphite anode material production in Kellyton, Alabama for the US battery market. Comparable as a domestic graphite anode material developer pursuing similar customers and IRA-driven demand.

Regional players

• Renascor Resources: Renascor Resources is developing a vertically integrated natural graphite mine and anode material facility in South Australia targeting global battery markets. Adjacent competitor pursuing non-Chinese graphite anode supply, primarily serving European and Australian customers rather than North America.
• Triton Minerals: Triton Minerals is developing graphite projects in Mozambique with downstream anode material ambitions. Adjacent competitor in the ex-China graphite anode supply landscape, primarily targeting Asian and European customers rather than directly competing in North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/AnovionTech
• LinkedInlinkedin.com/company/anovion-anode

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anovion Technologies