SDCmaterials, Inc., a Tempe, Arizona, USA-based developer of high performance automotive catalyst materials, received an investment of undisclosed amount.
The round was led by SAIC Technologies Fund I, LLC, the venture capital investment arm of SAIC Motor Corporation, with participation from existing investors General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald Technology Ventures.
The investment round will serve to further accelerate the company’s current commercial efforts in the Chinese market.
Led by CEO Maximilian Biberger, SDCmaterials develops and commercializes high value advanced catalyst materials based on a novel materials fabrication and integration platform.
Founded in 2004, the company has its production facilities in Schwarzheide, Germany.