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Boston Materials receives additional $750k for transportation & electronics industries

Boston Materials, manufacturer of advanced carbon fiber products, announces new funding from the National Science Foundation (NSF) to accelerate the development and market launch of new lightweight materials. This new funding increases NSF’s non-dilutive investment in Boston Materials to nearly $1 million.

Boston Materials receives additional $750k to accelerate launch for transportation & electronics industries
Anvesh Gurijala, Boston Materials Founder & CEO, says:

“These new materials have the potential to eliminate the range anxiety associated with electric vehicles, reduce the cost of air travel, and increase the connectivity of our electronic devices.”

“Continued support from NSF through America’s Seed Fund and the SBIR program allows us to accelerate our development even during the difficult economic environment created by the Covid-19 pandemic. We’re excited to domestically manufacture and launch these new lightweight materials.”

Boston Materials will use the funding to combine the company’s high performance, economic, and sustainable Supercomp carbon fiber products with thermoplastics for injection molding, additive manufacturing, and other highspeed processes that are common in the transportation and electronics industries.

The development enabled by NSF is a key part of Boston Materials’ overall effort to transform the transportation, electronics, energy, and infrastructure industries with innovative composite materials.

Alongside the non-dilutive funding from NSF, Boston Materials has previously received financing from Sabic Ventures, Clean Energy Ventures, and the Clean Energy Venture Group.

Companies: Boston Materials

Industries: Automotive and Road Transportation, Electrical, Electronics, Telecoms & Appliances

Terms: Business

This article has been edited by Basalt.Today
This article has been written on JEC Composites Magazine
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