Boston Materials, a Boston, Mass.-based startup that manufactures Carbon Supercomposite™ using a patented Z-axis reinforcement technology in a carbon fiber composite, raised $1.75m in seed funding.
The round led by the Clean Energy Venture Fund with participation from SABIC and the Clean Energy Venture Group.
The company will use the funding to grow its team of strategic new hires and increase the scale of its manufacturing capacity. These initiatives will help drive the market launch of its first Carbon Supercomposite product in summer of 2019.
Led by Anvesh Gurijala, CEO, Boston Materials designs and manufactures Carbon Supercomposite™ – a new class of carbon fiber composite that enables durable, safe and unique parts. Carbon Supercomposite is a composite material that features both 3D and interlaminar reinforcement and is available in a prepreg that integrates immediately into existing manufacturing workflows.
To date, the company has developed and scaled its core Carbon Supercomposite technology with the aid of state and federal government grants. Previously, the company received a Phase I Small Business Innovation Research (SBIR) grant from the National Science Foundation and a Catalyst grant from the Massachusetts Clean Energy Center (MassCEC).
FinSMEs
19/03/2019