What Nordic Nano Group does

Nordic Nano Group Oy is a Finnish private company founded in January 2024 and headquartered in Helsinki, with a manufacturing facility under development in Imatra. The company develops nanotechnology solutions for solar energy harvesting, energy storage, and hydrogen applications, built around proprietary nanocarbon materials (carbon nanotubes and graphene) and a scalable screen-printing manufacturing process. Its portfolio is organised around two core product families, NN Solar™ (carbon-based, non-toxic solar films and panels that harvest energy across the full solar spectrum, including diffused light, and are applicable to roofs, walls, windows, vehicles, and satellites) and NN Storage™ (solid-state salt battery cells and storage systems that are non-toxic, fire-safe, thermally stable, and free of rare earth metals). A third research stream covers TiO2-based photocatalysts for solar hydrogen production, anchored by Chief Scientist Bela Bhuskute's doctoral work at Tampere University.

The business model is B2B hardware sales combined with partnership-driven market access. Revenue streams target four verticals: electric mobility manufacturers (Verge Motorcycles, WATT Electric Vehicles, Cova Power Smart Trailer, and ESOX Group, largely accessed through the Donut Lab partnership), satellite and space manufacturers (developed through the ESA Business Incubation Centre Finland programme), building and construction (solar coatings and self-sufficient properties), and clean energy/hydrogen. Distribution is direct enterprise sales, with consortiums such as GreenReality Network (50 members in South Karelia) and the Donut Lab electric mobility cluster providing regional and international reach.

Funding to date includes an undisclosed strategic investment from Donut Lab in 2024, a €2.98 million EU Just Transition Fund grant in September 2025 for Imatra production equipment, and a follow-on Donut Lab investment in October 2025 alongside Donut Lab CEO Marko Lehtimäki joining the board. The Imatra facility's initial production is described as completely pre-sold, with mass production scheduled for winter 2026. The company employs 11–50 staff (approximately 7–8 key personnel identified) and is recruiting for Laboratory Lead, Head Engineer, and operator apprenticeships to support the planned ramp to hundreds of employees.

Name

Nordic Nano Group

Legal name

Nordic Nano Group Oy

Website

https://nordicnano.co

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Nano Group is a Finnish renewable energy company developing nanotechnology-based solar harvesting films and solid-state salt battery storage for electric vehicles, buildings, and satellite applications, using proprietary carbon nanotube and graphene materials manufactured at its Imatra facility.

Ownership category

akta.pro rank

Product category

Renewable Energy Materials and Devices

NAICS

Battery Manufacturing (33591), Solar Electric Power Generation (221114)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industry

Solid-State Battery Materials & Cell Manufacturing (EUAFABAH)

Keywords

• Nanomaterial solar cells
• Solid-state battery storage
• Nanocarbon energy materials
• Renewable energy technology
• Advanced materials manufacturing

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar energy harvesting products: Sale of nanomaterial-based solar films and panels for buildings, solar parks, and properties designed for energy self-sufficiency. Carbon-based products with ability to utilize diffuse light.
2. Energy storage solutions: Sale of solid-state salt battery cells and energy storage systems for EV, building, and space applications. Fire-safe, long-lasting storage products.
3. Space/satellite applications: Targeting satellite manufacturers with compact, lightweight, mouldable, non-explosive solar and storage solutions for extra-terrestrial applications.
4. Licensing/partnership technology access: Strategic partnerships providing technology access to partners like Donut Lab in exchange for investment and market access within the electric mobility cluster.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Nordic Nano Group develops and manufactures nanotechnology-based solar energy harvesting products under the NN Solar™ brand and solid-state salt battery energy storage products under the NN Storage™ brand. Its products are built on proprietary carbon nanotube and graphene nanocarbon materials and produced via a screen-printing nano-manufacturing process at the Imatra, Finland facility, targeting electric vehicle, space/satellite, and building/construction applications.

Product overview

Nordic Nano Group is a renewable energy company offering advanced nanotechnology solutions for solar energy harvesting, energy storage, and hydrogen applications. The product portfolio consists of two main product families: NN Solar™ for solar energy harvesting and NN Storage™ for energy storage. These are complemented by carbon-based solar films and panels, solid-state salt batteries, and energy-harvesting reactive coatings. All products utilize advanced screen printing and nanocarbon materials technologies (carbon nanotubes and graphene), providing non-toxic, lightweight, durable, mouldable, and fire-safe solutions that do not contain rare earth metals. The products work together to enable full-spectrum solar capture and reliable energy storage for applications ranging from buildings to electric vehicles and space applications.

Differentiator

Problem solved

Functional benefit

Brands

• NN Solar™: Solar energy harvesting products designed for terrestrial and space applications, featuring compact size, lightweight design, mouldability, and non-explosive characteristics.
• NN Storage™

Products and services

• NN Solar™ NN Solar™ is Nordic Nano Group's brand of solar energy harvesting products, including carbon-based solar films, panels, and reactive coatings built on carbon nanotube and graphene nanocarbon materials and manufactured using screen-printing nano-manufacturing. It is targeted at electric mobility, space/satellite, and building/construction applications where lightweight, scalable solar surfaces are required.
• NN Storage™ NN Storage™ is Nordic Nano Group's solid-state salt battery energy storage product line, positioned as a higher-performance and lower-cost alternative to lithium-ion batteries. It is offered to electric vehicle manufacturers and other industrial customers, with commercial agreements in place with Donut Lab, Verge Motorcycles, and WATT-brand EV OEMs.
• Energy-harvesting reactive coatings Energy-harvesting reactive coatings are surface-applied coatings developed by Nordic Nano Group using its nanocarbon materials platform, designed to be applied to buildings and other built-environment surfaces to harvest solar energy. They extend the company's NN Solar™ technology into the construction and real-estate sectors as a functional building material.

Quantifiable outcome

• Solar cells harvest twice as much energy as traditional silicon-based versions
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• Donut Lab (extended strategic partnership)coreStrategic or Co-development Partner · 29 October 2025Extended strategic partnership announced October 2025, further deepening cooperation and accelerating scaling of Nordic Nano's operations. Marko Lehtimäki serves as board member of Nordic Nano. Partnership strengthens Finnish innovation in international automotive industry. Donut Lab invested in Nordic Nano to accelerate global growth and technological collaboration.
• Donut LabcoreStrategic or Co-development Partner · 3 July 2025Donut Lab made a strategic investment in Nordic Nano and joined as a board member (Marko Lehtimäki). Deepened partnership brings Nordic Nano into Donut Lab's international technology cluster focused on electric mobility. Donut Lab CEO called Nordic Nano's technology 'unique' with 'strong expertise'. Nordic Nano identified as strategic partner in Donut Lab's battery development. The parties agreed not to disclose the investment value.
• European Space Agency (ESA) Business Incubation Centre FinlandflagshipStrategic or Co-development Partner · 4 June 2025Selected as one of four Finnish companies for 12-month ESA BIC Finland programme. Primary objective is to enhance offerings for European Space Tech industry. Programme accelerates testing and streamlines development cycles. Initial discussions held with established space industry leaders. Nordic Nano's space offering gaining traction due to EU-sourced partners and suppliers.
• GreenReality NetworkminorStrategic or Co-development Partner · 17 March 2025GreenReality Network is a business-oriented network in energy and environmental sector operating in South Karelia, Finland with 50 members (companies, municipalities, research/educational institutions, and a bank). Nordic Nano joined to participate in regional development and collaborate with the region's active ecosystem. Network coordinated by City of Lappeenranta.
• European Investment Fund (EIF)minorOthersListed as partner in Nordic Nano's 'In partnership with' section. EIF is shown as a funding/supporter partner.
• European Union (EU)minorOthersCo-funded by European Union as shown on company website. Nordic Nano received €2.98M EU Just Transition Fund (JTF) funding for production equipment acquisition in Imatra.
• HAMK Häme University of Applied SciencesminorStrategic or Co-development PartnerListed as academic partner in Nordic Nano's 'In partnership with' section. Collaboration in research and education.
• Tampere UniversityminorStrategic or Co-development PartnerListed as academic partner. Nordic Nano's Chief Scientist Bela Bhuskute defended doctoral thesis at Tampere University in May 2025 on TiO2-based photocatalysts for solar fuel production.
• University of Eastern FinlandminorStrategic or Co-development PartnerListed as academic partner in Nordic Nano's 'In partnership with' section.
• World Energy CouncilminorStrategic or Co-development PartnerListed as partner organization in Nordic Nano's network of partnerships supporting sustainable energy development.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Saule Technologies: Polish deep-tech company developing inkjet-printed perovskite and thin-film solar cells targeting building-integrated photovoltaics and IoT. Closely comparable to Nordic Nano in using printed, nanomaterials-based solar technology at early commercial stage, focused on BIPV and flexible surfaces.
• Ilika Technologies: UK solid-state battery developer with miniature and large-format Stereax and Goliath cells. Directly comparable to Nordic Nano's NN Storage solid-state salt battery roadmap, addressing EV, medical, and industrial applications with safety and cycle-life differentiation.
• Heliatek: German organic photovoltaic (OPV) film manufacturer producing ultra-thin flexible solar films for building facades and rooftops. Closely comparable to Nordic Nano's NN Solar carbon-based solar films targeting building-integrated and BIPV applications with roll-to-roll manufacturing.
• Skeleton Technologies: Estonian advanced energy storage company producing ultracapacitors and supercapacitor-battery hybrid systems for transport, grid, and industrial customers. Comparable European deep-tech storage peer with overlapping automotive and grid customers and similar advanced-materials differentiation.
• PowerRoll: UK company developing ultra-thin flexible solar films using a proprietary roll-to-roll manufacturing process. Comparable to Nordic Nano's NN Solar nanomaterial solar films for building surfaces and large-area, low-cost deployment.
• Oxford PV: UK/Germany perovskite-on-silicon tandem solar cell company targeting high-efficiency building-integrated and utility-scale solar. Comparable to Nordic Nano in novel thin-film solar chemistry and EU manufacturing footprint targeting the same building and energy customers.
• SunRoof: Swedish/Polish company offering integrated solar roofs and energy storage systems for self-sufficient buildings. Comparable to Nordic Nano's building and construction segment targeting energy-generating roofs and on-site storage, with regional EU overlap.
• Sila Nanotechnologies: US-based battery materials company using silicon-dominant anodes and nanomaterials to improve lithium-ion energy density and cycle life. Comparable advanced-nanomaterials battery chemistry peer targeting automotive OEMs with safety and performance differentiation.

Broad incumbents

• QuantumScape: US solid-state lithium-metal battery developer backed by Volkswagen targeting EV applications. Direct analogue to Nordic Nano's solid-state battery strategy for automotive customers, operating at much larger scale and capitalization.
• First Solar: US-based large-scale thin-film (CdTe) solar module manufacturer serving utility-scale projects globally. Represents the established incumbent in thin-film solar that Nordic Nano's nanomaterial thin-film chemistry will compete against in utility, commercial, and BIPV segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-nano-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

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

Frequently asked questions about Nordic Nano Group