Nalu Medical, Inc (“Nalu”) is an early commercial-stage company based in Carlsbad, California. The company develops and commercialises a battery-free, micro-implantable pulse generator (IPG) to treat chronic pain in two large, existing markets for neuromodulation therapies. Currently, chronic pain is managed either through neuromodulation therapies such as spinal cord stimulation (SCS) and peripheral nerve stimulation (PNS), or through the prescription of opioids or other traditional pain medications. Nalu has designed a device to treat chronic pain that is discrete and minimally invasive, with a long-lasting IPG. It is easily implantable by a pain management specialist or surgeon and avoids the side effects of traditional pain medications.