Boston Materials, a Massachusetts-based startup, uses z-axis reinforcement technology to reinforce carbon fiber composites to make breakthrough carbon supercomposites. The company has raised $ 1.75 million in seed funding, led by the Clean Energy Venture Fund, and partners include SABIC (Pittfield, Massachusetts, USA) and Clean Energy Venture Group (Clean Energy Venture Group, Massachusetts, USA) Cambridge, TX). The company plans to use the funds to expand its strategic new workforce and scale up its manufacturing capabilities. According to reports, these initiatives will drive the market launch of its first carbon supercomposite product in the summer of 2019.
"We are very excited to end the first round of financing and take another step towards solving the world's most critical materials challenges," said Anvesh Gurijala, CEO of Boston Materials. With the help of these key investors, Boston Materials can bring carbon supercomposite products to market, enabling our customers to produce durable, safe, and unique components that will transform the energy and transportation industries. "
Carbon supercomposite is a carbon fiber composite that uses a proprietary fiber alignment technology to improve the performance of existing carbon fiber materials. It is reported to unlock many new applications and improvements to existing designs and structures. Boston Materials says the technology improves toughness and strength and allows for increased electrical and thermal conductivity. The company says the application will help advance and improve efficiency in pressure vessels, wind energy, sporting goods, automotive, aerospace, and other markets. With the latest funding, the company has acquired a pilot production facility and manufacturing equipment for its state-of-the-art composites.
"Boston Materials' carbon supercomposite technology has the opportunity to quickly integrate with SABIC thermoplastics. This potential could revolutionize the way composite structures are designed," said Dr. Fahad Al-Sherehy, vice president of technology and innovation at SABIC. "Our investment in Boston Materials reflects our commitment and motivation. We are committed to discovering and promoting new technologies and breakthrough processes that support SABIC's success, and bringing new technologies to the petrochemical industry."
To date, Boston Materials has developed and expanded its core carbon supercomposite technology with state and federal funding. Earlier, the company received Phase 1 small business innovations from the National Science Foundation (Arlington, VA) and the Massachusetts Clean Energy Center (Maskek, Mass.) Research (Business Innovation Research, SBIR) funding. The company said that it will launch its a round of financing plans early this summer and is actively working with companies to test the effects of carbon super composite prepregs in various applications.