Small alterations to the structure of a star‐shaped template totally change its mode of operation. The hexapyridyl template directs the conversion of a porphyrin dimer to the cyclic hexamer, but deleting one pyridine site changes the product to the cyclic decamer, while deleting two binding sites changes the product to the cyclic octamer. This surprising switch in selectivity is explained by the formation of 2:1 caterpillar track complexes, in which two template wheels bind inside the nanoring. Caterpillar track complexes can also be prepared by binding the hexapyridyl template inside the 8‐ and 10‐porphyrin nanorings. NMR exchange spectroscopy (EXSY) experiments show that these complexes exhibit correlated motion, in which the conrotatory rotation of the two template wheels is coupled to rotation of the nanoring track. In the case of the 10‐porphyrin system, the correlated motion can be locked by binding palladium(II) dichloride between the two templates.

When light is absorbed by a nanoring consisting of 6–24 porphyrin units, the excitation delocalizes over the whole molecule within 200 fs. Highly symmetric nanorings exhibit thermally enhanced super-radiance.

Vernier templating exploits a mismatch between the number of binding sites in a template and a reactant to direct the formation of a product that is large enough to bind several template units. Here, we present a detailed study of the Vernier‐templated synthesis of a 12‐porphyrin nanoring. NMR and small‐angle X‐ray scattering (SAXS) analyses show that Vernier complexes are formed as intermediates in the cyclo‐oligomerization reaction. UV/Vis/NIR titrations show that the three‐component assembly of the 12‐porphyrin nanoring figure‐of‐eight template complex displays high allosteric cooperativity and chelate cooperativity. This nanoring–template 1:2 complex is among the largest synthetic molecules to have been characterized by single‐crystal analysis. It crystallizes as a racemate, with an angle of 27° between the planes of the two template units. The crystal structure reveals many unexpected intramolecular CH⋅⋅⋅N contacts involving the tert‐butyl side chains. Scanning tunneling microscopy (STM) experiments show that molecules of the 12‐porphyrin template complex can remain intact on the gold surface, although the majority of the material unfolds into the free nanoring during electrospray deposition.