Boston Materials, a Boston MA-based manufacturer of advanced lightweight materials, raised $8m in Series A funding.
The round was led by AccelR8 and Valo Ventures with participation from Clean Energy Ventures.
The company intends to use the funds to hire people across technical sales, application development, and manufacturing and expand Z-Axis Carbon Fiber technology into new electric vehicles, aerospace, and consumer electronics that are higher performing, lighter, and environmentally sustainable.
Led by Anvesh Gurijala, CEO and co-founder, Boston Materials uses a patented roll-to-roll magnetic alignment process that orients reclaimed carbon fibers vertically to manufacture composite film and sheet products, called ZRT. This process introduces new z-axis thermal and electrical conductivity, stiffness, and durability benefits to existing composite materials. Ultimately, the company’s ZRT products provide designers and manufacturers with multiple benefits over metals and nanomaterials, including lighter weight, lower embodied carbon footprint, and lower production costs.
Earlier in 2021, Boston Materials commissioned a 60-inch-wide commercial production line capable of producing 800,000 square meters of Z-axis Carbon Fiber materials per year. The company plans to triple the production capacity over the next two years. The production capacity has been installed in a 37,000 square foot manufacturing facility located in Billerica, MA, along with fully-automated equipment for quality control and traceability.