ApNano chairman Aharon Feurstein and CEO Dr. Menachem Genut founded the company 2002. It previously raised $12.5 million from Israeli and European investors and from the EU Sixth Framework Progamme for Research and Development
ApNano's NanoLub comprises of dry nanoparticles designed to replace lubricants for reducing friction. NanoLub is several times more effective than current lubricants, such as oil, and is the first commercial solid nanolubricant in the world. The company produces NanoLub at a plant in Yavne, established three years ago when the company closed its second financing round.
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