Additive manufacturing composites company Arevo has completed the construction of what is said to be the largest continuous carbon fiber composite additive manufacturing plant in the world.
This factory is equipped with 70 AREVO Aqua 2 3D printers. Each printer has the size of a container. It will 3D print continuous composite parts for bicycles, electric bicycles, electric scooters and other consumer products.
In addition, AREVO recently completed a $25 million round of financing led by Khosla Ventures, with the venture capital firm Founders Fund recently participating.
Sonny Vu, CEO of AREVO, said: “After the launch of Aqua 2 last year (4 times faster than Aqua1), we focused on mass production and operating systems. Now, there are 76 systems connected to the cloud and located in our different sales locations. In operation, we have completed the first stage of industrialization. Now, AREVO is ready for market growth and can handle the needs of the company’s own consumer product brands and the needs of our B2B customers."
Additive manufacturing composites company Arevo has completed the construction of what is said to be the largest continuous carbon fiber composite additive manufacturing plant in the world.
This factory is equipped with 70 Aqua 2 3D printers from AREVO. Each printer has the size of a container. It will 3D print continuous composite parts for bicycles, electric bicycles, electric scooters and other consumer products.
In addition, AREVO recently completed a $25 million round of financing led by Khosla Ventures, with the venture capital firm Founders Fund recently participating.
Sonny Vu, CEO of AREVO, said: “After the launch of Aqua 2 last year (4 times faster than Aqua1), we focused on mass production and operating systems. Now, there are 76 systems connected to the cloud and located in our different sales locations. In operation, we have completed the first stage of industrialization. Now, AREVO is ready for market growth and can handle the needs of the company’s own consumer product brands and the needs of our B2B customers."
AREVO's carbon fiber 3D printing technology
AREVO was founded in Silicon Valley in 2014 and is known for its continuous carbon fiber 3D printing technology. The company initially released a series of FFF/FDM composite materials, claiming that its strength is five times that of titanium, and has since developed advanced 3D printing software and system combinations.
In 2015, AREVO created its scalable robot-based additive manufacturing (RAM) platform based on its finite element analysis tool path optimization program to optimize the strength and appearance of 3D printed parts.
After six years of development, the company's continuous carbon fiber technology is protected by more than 80 patents. In the past, this technology has been used to 3D print bicycle frames for California-based manufacturer Franco Bikes to shorten delivery time, and for California start-up SuPErstrata's upcoming electric bicycles to eliminate the need for gluing or welding.
Earlier this year, AREVO collaborated with the award-winning studio BranchCreative to design and print the "Scotsman" electric scooter, all using a unified carbon fiber composite frame, handlebars and handlebars.
AREVO's new 3D printing factory
AREVO has now completed the construction of its new continuous fiber composite additive manufacturing plant, which it claims is the largest in the world. The center has a complete production system, including 70 sets of Aqua 2 systems launched last year.
Aqua 2 focuses on printing large-size continuous carbon fiber parts and is designed as a high-speed machine capable of printing up to one cubic meter in size. This machine prints four times faster than its predecessor and is suitable for quickly creating on-demand parts. The Aqua 2 system has been used for 3D printing bicycle racks, sports equipment, auto parts, aerospace parts and building structures.
Now that AREVO has completed its new facility, it will begin to provide 3D printed continuous composite parts for Superstrata bicycles and electric bicycles, and complete the product engineering of Scotsman electric motorcycles. In addition, the company also claims that it may launch a third consumer product in the short term.
In addition to the completion of new facilities, AREVO raised US$25 million in the latest round of financing. This round of financing was led by Khosla Ventures, with the participation of Founders Fund, GGVC, Alabaster and Defy.
AREVO has received support from many investors over the years and raised 7 million US dollars in 2016 to expand its business and began to develop strong, lightweight components for production applications. Later, in 2018, it completed a $12.5 million Series B financing to support its continued research and development work. While launching the Aqua 2 3D printer, the company has completed a round of financing of US$25 million to further develop its carbon fiber 3D printing technology.
AREVO's latest round of financing will bring the total funds raised by the company to $85 million and will be used to hire new engineers and support its operations. In this regard, Vu also said that they are expanding the team and are looking for some key engineers (mechanical, laser/optical, electrical) to join the company team in the United States and Vietnam.