Boston Materials’ 37,000-square-foot manufacturing facility in Billerica, Massachusetts. Photo Credit: Boston Materials
Boston Materials (Billerica, Mass., U.S.) a manufacturer of advanced lightweight materials that deliver increased performance and circular solutions using z-axis carbon fiber technology, announced on May 20 the closing of an $8 million financing led by AccelR8 and Valo Ventures. This funding accelerates the company’s expansion into new electric vehicles (EVs), aerospace, electronics and consumer applications. Clean Energy Ventures, a previous backer, also participated in the round.
“Boston Materials is doing something others simply can’t. They’re improving the quality of advanced lightweight materials with a truly scalable z-axis carbon fiber technology that uses 100% reclaimed feedstocks,” says Dwight Poler, CEO of AccelR8. “Boston Materials is one of the only solutions we’ve seen that can integrate sustainable materials and actually improve p
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.
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All photo credit: Boston Materials
On Feb. 9, Boston Materials (Bedford, Mass., U.S.), a manufacturer of advanced lightweight materials, started shipping Z-axis carbon fiber products made with its new 60-inch-wide roll-to-roll manufacturing line to customers in North America and Europe.
“Demand for our Z-axis carbon fiber products is accelerating across several transportation, electronics, industrial and consumer markets,” says Anvesh Gurijala, Boston Materials CEO. “The launch of our new industrial-scale production line demonstrates our ability to quickly scale to support our growing customer base.”
According to Boston Materials COO, Michael Segal, the manufacturing line features state-of-the-art and fully automated inline quality tracking for 100% traceability and quality assurance.