Soluterials, a Beelitz, Germany-based materials science company which specializes in aluminum processing, raised a seven figure Seed funding round.
The round saw participation from HTGF and three undisclosed business angels.
The company intends to use the funds to accelerate the market launch of its pure aluminium material SoluteriAL, expand production, and build the team to enable rapid scaling.
Led by founders Dr Alla Kasakewitsch, Christina Walch and Uwe Arlic, Soluterials is an emerging startup that transforms pure aluminium scrap (secondary aluminium) into a nanostructured high-performance aluminium material called SoluteriAL, which extends the properties of it, such as high electrical conductivity, high thermal conductivity, corrosion resistance and low weight, with a mechanical strength and a creep resistance.
Applications include electrical wiring, radiator housings and electric motors, among others.
FinSMEs
16/10/2023