According to a report by Boston Materials Corporation, a manufacturer of advanced carbon fiber products, on May 18, the company has now received funding from the National Science Foundation (NSF) to accelerate the development and release of lightweight materials. The new funding increased NSF's non-diluted investment in Boston Materials to nearly $1 million.
"These new materials have the potential to eliminate the anxiety associated with electric vehicles, reduce the cost of air travel and enhance the connectivity of our electronic devices," said Anvesh Gurijala, founder and CEO of Boston Materials. "Even in the economic environment caused by the COVID-19 pandemic, the continued support provided by the NSF through the US Seed Fund and the SBIR program allows us to accelerate our development."
In a similar effort previously funded by SABIC Ventures, Clean Energy Ventures and Clean Energy Venture Group, Boston Materials will use the funds to combine the company’s high-performance and sustainable Supercomp carbon fiber products with thermoplastics for injection molding, Additive manufacturing and other high-tech fields. High-speed processes common in the transportation and electronics industries. The development is a key part of Boston Materials` overall efforts to transform the transportation, electronics, energy and infrastructure industries with composite materials.
In the previous report of this public account, Boston Materials developed a supercomposite that solves the performance, cost, and sustainability issues of today's carbon fiber. This high-performance carbon fiber material reduces the cost of composite materials by 25% by using 50% recycled carbon fiber.
About Boston Materials
Boston Materials is headquartered in Massachusetts. As a start-up company in recent years, it mainly uses the z-axis reinforcement technology to reinforce carbon fiber composite materials to make breakthrough carbon fiber super composite materials.
In March 2019, the company raised US$1.75 million in seed funding, led by the Clean Energy Venture Fund. Partners include SABIC (Pittfield, MA, USA) and Clean Energy Venture Group (Clean Energy Venture Group, Cambridge, Massachusetts, USA).
In June 2019, the company provided a material that bridges the performance gap between metal alloys and composite materials. Its patented technology carbon fiber super composite material combines the uniformity and toughness of the metal alloy, as well as the light weight and stiffness of the carbon fiber composite material. The material is characterized by a new type of three-dimensional carbon fiber reinforced material, using ground carbon fibers magnetically aligned in the "z" direction to provide unusual multilayer composite strength. Ability to produce impact-resistant and durable components designed for high-stress and high-temperature applications.