CHASM is a developer and manufacturer of new materials for electronics and battery applications. It has recently announced that it has completed a US $ 11 million Series A financing led by Boston private equity firm WAVE Equity Partners, a long-term investment company that provides people with energy. It is a solution to world-class problems such as water resources, waste, food, etc. It is also an early-stage venture capital company focused on disruptive technologies in Boston.
CHASM plans to use these funds to expand its production capacity, continue to introduce new products to people, and try to penetrate into existing markets.
CHASM's most striking product is a transparent conductive film material called "AgeNT", which is composed of a mixture of carbon nanotubes and silver nanowires, and has a wide range of applications, such as touch screens for smartphones and tablets; Transparent electrodes for various information displays; transparent touch sensors for small appliances and automotive interiors; transparent defoggers; transparent electrodes on solar panels; transparent electromagnetic shielding materials for industrial and medical equipment, etc. This is undoubtedly a huge market, with reported annual output value of billions of dollars, but it has been dominated by indium tin oxide for decades. AgeNT is gradually replacing traditional indium tin oxide with its superior performance and lower production costs.
"Through more than ten years of unremitting efforts, CHASM has obtained first-class carbon nanotube production and manufacturing capabilities in the fields of inks, coatings and printing technology. WAVE & NXT's strong financial support for CHASM, coupled with the business they provide The recommendations have greatly promoted the rapid growth of CHASM. Therefore, we are extremely optimistic and pleased with the prospects of the company, customers and partners, "said David Arthur, CEO and co-founder of CHASM.
"WAVE Equity Partners is also pleased to partner with experienced CHASM, whose electronic printing platform is developing human-machine dialogue and machine-to-machine interaction technologies. Their advanced technologies will help our homes, factories, phones And cars have become safer, more stable, and smarter. It is worth mentioning that our products not only excel in performance, but are also more affordable, durable and environmentally friendly compared to other products. We expect that the company will develop rapidly in a few years, and its footprint will Traveling everywhere in the world, "said Praveen Sahay, general manager of WAVE Equity Partners.
"The CHASM carbon nanotube printing technology is second to none. These technologies can bring tremendous changes to many fields such as electronic printing and battery materials. Our goal is to closely link CHASM with our business in Asia to further Accelerate the occupation of these hot-spot markets. "Said Raymond Nobu Chang, general manager of NXT Ventures.