Compositence GmbH, a Stuttgart, Germany-based provider of applications for carbon-fibre components, has received start up financing of undisclosed amount.
Investors include High-Tech Gründerfonds and the Seedfonds Baden-Württemberg.
The company’s concept is a process technology for processing carbon fibres that decreases both production costs and production time.
Compositence’s technology is based on research conducted at the University of Stuttgart’s Institute of Aircraft Design by engineers Volker Witzel and Ingo Karb, who registered it as a patent. Gregor Weber is the other co-founder of the company.
According to Witzel and Karb, the process is of particular benefit for curved surfaces, such as car wings. “The feedback we have received from the target markets of automobile, wind power and air travel is very promising”, they said.
FinSMEs
10/06/2011