introduction

We believe Avadain, Inc. is uniquely positioned to bring the properties of high-quality graphene to commercial reality. We aim to unleash another Industrial Revolution and help make the world a cleaner, healthier and more prosperous place.
Avadain is well on the way to scaling its technology for manufacturing industrial volumes of large, thin and nearly defect free graphene flakes to meet the pent-up and rapidly growing demand for the “super material” of the 21st Century.
Our high-quality flakes, mass produced at a reasonable price, should meet industry’s preferred form factor and >80% of the vast global market for large, thin and nearly defect free graphene flakes in high tech products – estimated at $100 billion dollars. Avadain’s graphene flakes have the potential to be used by many clean tech, deep tech, industrial, defense, manufacturing and life sciences companies to significantly improve hundreds of products and possibly enable thousands of new ones.
Avadain’s technology has attracted $7 million in dilutive and non-dilutive funding, including $1.36 million through crowdfunding on Netcapital last year and a March 2022, $3.77 million project grant from the U.S. Department of Commerce. Panasonic Intellectual Property Corporation of America provided initial funding for Avadain’s technology and is active on Avadain’s Board of Directors.
The rate of graphene innovation scaled dramatically in 2022 with new product announcements every week. While there are a growing number of companies producing sub-optimal quality graphene, we believe that Avadain’s high-quality graphene flakes are uniquely positioned to dominate the market for high value products.
Avadain is now raising $3.6 million on Netcapital to produce samples for licensees and end users, to demonstrate our graphene flakes in supercapacitors and EV batteries, and to enter into license agreements for industrial-scale mass production.
Avadain is ready to unleash the Graphene Revolution and help make the world a cleaner, healthier, and more prosperous place!
problem
We are unaware of any other companies manufacturing industrial quantities of large, thin and nearly defect free graphene flakes.
INDUSTRY IS FORCED TO WORK WITH SUBOPTIMAL MATERIALS - Today, companies are forced to work with suboptimal quality materials which are called ‘graphene’ but, in reality, are graphene oxide, graphene nanoplatelets, graphitic material and graphite. That’s why the increasing number of commercially available graphene-enhanced products are of lower value. These materials are unable to deliver graphene’s amazing combination of properties.
NO INDUSTRIAL VOLUMES OF AFFORDABLY PRICED HIGH-QUALITY GRAPHENE FLAKES - Tens of billions of dollars of graphene-enhanced, high value products should be able to enter the market once there is a source for high-quality graphene flakes in industrial volumes at an acceptable price.

solution
Avadain's globally patented, breakthrough technology addresses the three obstacles to widespread use of graphene flakes — quality, quantity and price.
Quality is Critical - Avadain's process prevents defects while manufacturing flakes that are both larger and thinner, averaging 55 µm² in surface area and 2-5 atomic layers thick.
Industry Needs Tons of High-Quality Flakes, Not Grams - Avadain's environmentally friendly and safe process is targeted to produce 2 metric tons per production line per year.
Flakes Have to Be Affordable - We believe that Avadain's process can be scaled to mass production to manufacture flakes at a price acceptable to industry, enabling democratization of graphene.
According to our estimates Avadain's flakes should meet about 80% of the market need.
key investment highlights

deal overview
- We believe that graphene is about to change our world and can have an economic impact on the order of another Industrial Revolution
- Thousands of graphene-enabled, high value products are held back because there is no source for industrial quantities of reasonably priced, high-quality graphene flakes
- Avadain has successfully demonstrated a breakthrough, globally patented and green manufacturing process to meet U.S. and global demand
- Backed by Panasonic since 2017
- Raised over $7 million in dilutive and non-dilutive capital, including $605,000 angel investment in 2023 from Harvard Business School Alumni and Keiretsu Forum prior to our second crowdfunding round
- We are currently upscaling to mass production using a non-dilutive $3.77 million Federal grant
- Driven by our experienced team, Avadain intends to license its technology starting in Autumn 2023, enabling rapid growth and unleashing the Graphene Revolution
- Development of recurring licensing revenue streams could make Avadain an attractive investment opportunity and position it for a potential acquisition in 2026-2028
what is graphene?
Graphene may become one of the most disruptive materials of all time. It’s one of the lightest, strongest, thinnest, best thermal and electricity-conducting material ever discovered. It is expected to revolutionize electric vehicle batteries, supercapacitors, sensors, renewable energy and medicine ... to name just a few.

Graphene is a thin layer of graphite that is 10 or fewer atoms thick. It was first isolated in 2004 at the University of Manchester by Professors Andre Geim and Kostya Novoselov, who won the 2010 Nobel Prize in Physics.

- Strength (150,000,000 psi) – 200x stronger than steel
- Flexibility – bendable
- Thin – 1 million times thinner than a sheet of paper
- Light – 1 gram sheet would cover a soccer field
- Electronic properties – electrons move through graphene at close to the speed of light
- Electron mobility – graphene has an intrinsic electron mobility that’s 100 times greater than silicon, which means it’s an incredibly efficient means of moving more electrons faster
- Heat conductivity – best material for conducting heat
- Electrical conductivity – nearly perfect conductor, with one million times the power density of copper
- Invisibility – transmits 97% of light (glass window transmits 80%-90%)
- Impermeability – enables water filtration and purification

- Dr. Michio Kaku
inflection point
2022 was the inflection point for commercial use of low-quality graphene

On average, a new graphene-enhanced low value product was brought to market each week in 2022. The pace of new product announcements is expected to swell in 2023.

large and growing market



graphene for national security & economic competitiveness
We believe that with the Russian invasion of Ukraine and China threatening to invade Taiwan, graphene has become an even more critical material for U.S. National Security.
Federal agencies, such as DOD, NASA, DOE, NRO and others, need a reliable source of industrial quantities of this strategically critical advanced material.
It’s vitally important that the U.S. leads the new Industrial Revolution powered by graphene’s phenomenal properties. The U.S. must compete with China’s concerted efforts to dominate the global graphene supply chain. China's 13th Five-Year Plan (2016-2020) lists graphene as a leading sector of the national economy. As the National Reconnaissance Office observed, “The challenge is producing it in large quantities.”

avadain's technology
Defects all too often inhibit graphene’s remarkable qualities. Avadain’s patented process uses optimized Electrochemical Exfoliation and Expansion, resulting in nearly defect-free flakes. Chemisorption of reducing hydrogen helps exfoliate graphite into low-defect graphene flakes with very little oxidation in the graphene structure, contrasted with the popular Hummer’s Method which uses very strong oxidizing agents to exfoliate graphite into graphene oxide flakes with too many defects.
Electrochemistry is well known and decades old. Avadain uses electrochemistry to separate the layers of graphite with a green, energy efficient process that is scalable, highly automated and cost effective.

Avadain engaged the Rapid Advancement in Process Intensification Deployment (RAPID) Institute, a part of the Manufacturing USA network, as project manager to work with Southwest Research Institute (SwRI) and our team to upscale Avadain’s technology to mass production. SwRI has significant expertise in electrochemistry and RAPID is expert at scaling batch processes to continuous manufacturing. RAPID is a non-profit public/private partnership between the U.S. Department of Energy and the American Institute of Chemical Engineers. SwRI is a non-profit research institute located in San Antonio, Texas.
Avadain plans to provide licensees with the design for a manufacturing plant, together with an engineering package and implementation support.


momentum and accomplishments


Avadain has successfully demonstrated the benefits of its high-quality flakes in a supercapacitor over currently used conductive materials. Adding 0.50% of our flakes to a supercapacitor enabled very rapid charging/discharging, 100% depth of discharge and increased power density. It also enabled constant specific capacitance as the discharge current increases, whereas other flakes have declining specific capacitance.
competitive landscape
There are many companies which claim to be selling graphene. Most of these materials are nanoplatelets, graphitic material and graphite. The fantastic strength of graphene begins at ≥ 30 microns in lateral flake size, and the electrical conductivity of graphene increases as the lateral size of the graphene flake increases. Thus, in our view, the market for real graphene is divided into those companies selling real graphene flakes smaller or larger than ≥ 30 microns in lateral flake size. In this analysis, there are no companies known to be competing in Avadain’s market.

business model
Avadain is pursuing a capital efficient revenue model based on licensing our technology to companies whose core competency is to manufacture advanced materials. We also plan to license companies whose business requires an assured supply of high-quality graphene flakes.
Note: Please be aware that Avadain is at the pre-revenue stage. These forward-looking statements are not guarantees of future performance and involve a high degree of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and its management.
Our licensing model enables rapid and flexible scaling to meet the forecasted explosive demand from industry and government. Driven by our experienced management team, Avadain plans to license our technology to:
- Advanced materials manufacturers. These companies have the technical expertise, business experience and customer contacts to support manufacturing, marketing and selling of high-quality graphene flakes. Many of these companies have the capability to tune Avadain’s graphene flakes to meet specific, end-user needs.
- Niche graphene materials manufacturers (various industry verticals). Most graphene companies are focused on making graphene-enhanced products. Avadain’s technology offers these companies the ability to manufacture their own cost effective, high-quality graphene flakes.
- Certain mission-critical users (seeking consistent quality and reliable supply). Some industries need a reliable source of industrial volumes of high-quality graphene flakes, including aviation, space, national security, and medicine. These flakes can be optimized to specific application requirements.
intellectual property
- Strong IP position is core to Avadain’s value creation
- The U.S.’ #1 IP law firm, Fish and Richardson, drafted and filed a comprehensive parent patent application in 2016
- Parent patent granted in 12 countries: U.S. (#10,662,537), Australia, Brazil, China, Europe, Germany, India, Israel, Japan, Korea, Russia and Singapore
- Patents pending in Canada, Chile, Finland, France, Indonesia, Israel, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Switzerland, Sweden, Turkey and Vietnam
- The 2nd patent was filed in 2019 in the U.S. (#16/569,264), followed by a PCT in September 2020
- The 3rd (16/882,579) US patent application is a divisional of '537
- The 4th (17/858,906) US patent application is a continuation of '537

continual innovation
- Avadain recognizes that the long-term competitive advantage of our technology licensing requires ongoing innovation and optimization of our graphene flake manufacturing technology.
- We anticipate that the development of continuous flow of manufacturing graphene flakes will support additional patent applications over the next few years, and additional patents beyond that.

- Thomas Edison
team






press
January 2023
The Graphene Council: 2022 was the ‘wonder’ material's breakout year. What's next?
press archive
February 2022
Memphis Business Journal: Memphis startup Avadain looks to unlock the ‘revolutionary’ potential of graphene
FlipBoard: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
FinancialContent.com: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
March 2022
The Graphene Council: Graphene Flake Manufacturing Company Avadain Inc.’s Upscaling to Mass Production of ‘Super Material’ Receives $3.77 Million Federal Grant
Graphene-Info: Avadain receives $3.77 million grant to upscale its graphene flakes tech to mass production
Memphis Business Journal: Startup Avadain scores federal funds, prepares to upscale graphene manufacturing process
Darik News: Avadain receives $3.77 million grant to scale its graphene flakes technology into mass production
Business Fast-UK Business and Finance News: Startup Avadain scores federal funds, prepares to upscale graphene manufacturing process – The Business Journals
Graphene.tv (China): Avadain获得377万美元的资助,用于将其石墨烯片技术升级为大规模生产
StatNano: Avadain kicks off crowdfunding campaign to raise up to $5 million
Manhattan Street Capital: The Manhattan Street Fund announces its investment in the graphene tech leader Avadain
April 2022
Commercial Appeal: Memphis company Avadain wants to pioneer ‘material of our age’ graphene
June 2022
Memphis Inno: CEO of Avadain on challenges of crowdfunding campaign, eclipsing 500K mark
Graphene Council: Supercapacitor Performance Significantly Improved with Avadain’s High Quality Graphene Flakes
August 2022
Memphis Inno: Local startup Avadain raises $1.37 million through crowdfunding campaign
Business Wire: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Crowdfund Insider: Netcapital Funding Portal Enables $1.4M Capital Raise by Avadain
Dig South, The South’s Tech Hub: Local startup Avadain raises $1.37M through crowdfunding campaign
Love Graphene: Avadain raises $1.37 million
Explorebit: Avadain raises USD 1.37M crowdfunding
Seeking Alpha: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Ivoox.com: Test. Optimize. Scale. episode 75 with Avadain Graphene
Wallstreet-online: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Graphene Alliance: 利用Avadain的突破性技术释放石墨烯革命 - 网易
Unleash the graphene revolution with Avadain’s breakthrough technology
Podcasts Featuring Avadain
Investment Research Radio: Podcast Avadain Graphene Interview with CEO Brad Larschan (April 2022)
Netcapital: Live Q & A with Avadain (May 2022)
Test.Optimize.Scale.: Podcast Episode 75 with CEO Brad Larschan (July 2022)
Here’s What Investors Are Saying About Why They Invested In Avadain

$100,000: “Carbon is an amazing element. We’re glad we could get in on the ground floor of the Graphene Revolution. Graphene is a game changer.”
$200: “Based on my prior knowledge of graphene, I strongly believe that it will be a primary raw material for future technologies.”
$1,000: “The chemical and physical properties of this material is phenomenal which makes it usable in many products across multiple industries. This is revolutionary technology and I am excited to be part of the budding stages of this company.”
$100: “Graphene is the material of the future!!”
$500: “Felt like it's opportunity of a lifetime”
$800: “Always willing to invest in a manufacturing product that will be environmentally friendly.”
$1,000: “Might make huge return”
$200: “Make $$$”
$500: “Next gen technology, Early movers advantage”
$200: “Avadain is the future of all kinds of products.”
$100: “I've read about graphene and its amazing capabilities for years, and I agree that it could be revolutionary in its impact. I hope you extend your offering so that I can invest more funds in your company!”
$112: "I've had my eye on Graphene for a few years now and I'm glad that I found your company.”
$1,700: Avadain is “a way to get a foothold in the graphene revolution.”
$100: “It's a greener technology that is very needed in so many industries. The demand is there, now we will have the tech.”
$100: “The ground breaking technology and all of its potential uses. It would be the most useful material on the planet, to be potentially used for virtually anything.”
$300: “Graphene is going to play a HUGE role in our future!”

Use of Proceeds
If the offering's maximum amount of $3,600,000 is raised:
Use | Value | % of Proceeds |
---|---|---|
Samples & Testing | $1,250,000 | 34.7% |
Licensing Activities | $685,000 | 19.0% |
Intellectual Property | $480,000 | 13.3% |
Operations and Payroll | $1,008,600 | 28.0% |
Intermediary fees | $176,400 | 4.9% |
Terms
This is an offering of Class A-1 Common Stock, under registration exemption 4(a)(6), in Avadain, Inc.. This offering must raise at least $10,000 by June 29, 2023 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Avadain may issue additional securities to raise up to $3,600,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
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- Apr 18, 2023We are ecstatic to announce that we have...
- Apr 14, 2023Thank you Jaçk Schagunn for your investment and...
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- Mar 14, 2023Last chance to register We are excited to...
- Mar 13, 2023We are excited to announce that Avadain is...
- Mar 8, 2023We're pleased to invite you to our Fireside...
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- Jan 31, 2023Hello, Avadain Community! We're calling all...
- Jan 24, 2023Greetings Avadain Community! The Avadain Team...
- Jan 3, 2023Dear Avadain Community, I will be hosting a...
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- Dec 13, 2022Hello, Avadain Community! Last chance to...
- Dec 13, 2022Correction. Avadain's Fireside Chat is today,...
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- Nov 3, 2022Dear Avadain Community, We update our social...
- Sep 13, 2022Dear Avadain Community, I am pleased to inform...
- Aug 31, 2022**Avadain Featured by The Graphene...
- Jul 29, 2022Avadain Community, I want to thank each and...
- Jul 29, 2022Primary offering finalized, sellingshares
- Jul 29, 2022We are now in the final moments of our more...
- Jul 28, 2022We are in the final moments of our very...
- Jul 28, 2022I am ecstatic that we added another 100...
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- Jul 28, 2022We’re in the final stages of our successful...
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- Jul 14, 2022Avadain has successfully demonstrated an...
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- Jul 6, 2022Hello Avadain Community!
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- Jul 1, 2022Hello Avadain Community!
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- Jun 21, 2022Avadain Inc. Community, I am extremely honored...
- Jun 18, 2022I wanted to report to you on Avadain’s strong,...
- Jun 10, 2022Hello Avadain Community!
- Jun 9, 2022Hello Avadain Community! Time is running out...
- Jun 7, 2022Hello Avadain Community! Avadain has...
- Jun 6, 2022Hello Avadain Community, We are ecstatic to...
- Jun 4, 2022Avadain Inc. Community, Today, Start-up...
- Jun 1, 2022Hello Avadain Community, We are ecstatic to...
- May 27, 2022Avadain has successfully demonstrated a...
- May 27, 2022Avadain Inc. Community, We are ecstatic to...
- May 25, 2022How Graphene Can Revolutionize Our...
- May 20, 2022Hello Avadain Community,
- May 17, 2022Lead graphene researcher joins Avadain’s...
- May 10, 2022Avadain Inc. Community, Avadain has a globally...
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- May 9, 2022Hello Avadain Community – In a recent Twitter...
- Apr 19, 2022Hello Avadain Community! Investment Research...
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- Mar 31, 2022Avadain Inc. Community, Have you heard of...
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