Scania of Sweden recently announced an investment of 35 million Swedish kronor (approximately US$3.83 million) in a carbon fiber company, Corebon.
Corebon`s headquarter is located in the southern part of Sweden. Soon after it pioneered, it developed a groundbreaking method for the production of carbon fiber reinforced plastic parts, mainly used in the fields of automobiles, telecommunications, aerospace and robotics, and has its own patents. Its patented process is based on induction heat treatment, because this patent enables Corebon to produce carbon fiber parts faster than others, with better quality and lower energy consumption. This is also what Scania is optimistic about.
At present, Corebon has become a supplier of leading companies in the telecommunications industry. At the same time, it also cooperates with companies in different industries on different projects.
Tobias Bjornhov, Founder and CEO of Corebon AB, said: "We are in a stage of accelerated development, production capacity is increasing, and the company is expanding. Scania Growth Capital, as our main investor, has raised funds for us. The 45 million Swedish Krona funding also provides Scania`s ecosystem and knowledge, which will help us accelerate growth."
Scania Growth Capital said: "Corebon has developed a truly breakthrough method in the production of carbon fiber components. This technology has the potential to fundamentally change the use of carbon fiber in industrial applications due to long delivery times and costs. It is expensive and the application of traditional carbon fiber components is limited."
Per-Arne Eriksson, head of Scania`s custom truck development, will join Corebon’s board of directors. Eriksson said that this is Scania Venture Capital`s fourth investment. “In the rapidly changing automotive industry, there are many opportunities to extend the application of carbon fiber composites to other areas such as vehicle electrification and promote product development.”