Fribourg, Switzerland-based Bcomp has raised $35 million in a Series B funding round.
The Swiss maker of all things light will use the capital to further scale the team size as well as commercial footprint via increased global and domestic production facilities.
Since 2010, Bcomp has raised just $38.2 million in external funding.
Bcomp uses natural fibers that are then reinforced with various grades and compositions of plastic resulting in a material with a far greater tensile strength at a fraction of the weight when compared to a similar part manufactured from, say, plastic alone.
Bcomp started off life as a garage project in 2011 with the goal of creating a lightweight yet high performant ski.
Some 11 years later, Bcomp’s materials have been employed by BMW M Motorsport in the firm’s 2019 Formula E race car, as well as The McClaren F1 team’s usage at the 2021 British Grand Prix.
Porsche has used Bcomp materials in the Cayman 718 GT4 CS MR, a vehicle that was instrumental in the launch of Porsche’s fully electric Mission R concept car in 2021.
And not to be left out in the cold, Volvo Cars has used Bcomp materials in the company’s Volvo ocean race recycled plastics demonstrator vehicle and more recently in its concept recharge vehicles in 2021.
Bcomp’s $35 million Series B round was co-led by BMW i Ventures, Volvo Cars Tech Fund, and Porsche Ventures, with Airbus Ventures and Generali, and a number of existing investors all participating.
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