PORTFOLIO
PORTFOLIO COMPANIES
Nelumbo, Inc. (Exited)
COMPANY PROFILE
Materials innovation to enable the best products in energy, environment, and entertainment.
With a multi-layered, tunable, and scalable suite of surface modifications, Nelumbo provides solutions that meet the demands of a plethora of customers and markets. The company has thoroughly proven superior fluid and corrosion control and continues to develop new opportunities for its customers.
COMPANY STORY
Origin
Nelumbo was founded by UC Berkeley engineers with a lifelong desire to see broad adoption and acceptance of materials science as a new path for delivering value to the world. The main product suite today targets longstanding frost and corrosion challenges with heat exchangers in Air Conditioners to deliver a bold move in a market that impacts billions of people and has decades of opportunity.
Strength
Unique, innovative platform technology in material science. Business model that allows customers and Nelumbo to share the benefit of superior technology and manufacturing. One of the applications has been sold in a cross-border deal, signifying the underlying technological competitiveness.
UTEC’s value add
The application areas for the technology are diverse, including metals and fibers. UTEC supports in constructing business alliances related to HVAC and functional textiles, areas where Japanese companies keep particularly important positions in the global value chain.
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Cofounders Dave Walther, Ph.D., Liam Berryman, and Lance Brockway, Ph.D.
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Applicable industries
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Artistic Example
STORY LIST Interviews with leaders of UTEC's portfolio companies: past and present.