One of our new portfolio companies, Boston Materials, has completed a $1.75M raise and we are thrilled to have such an extraordinary leadership team and game-changing technology as part of the Clean Energy Ventures portfolio!
Boston Materials is a cutting-edge material science company that is leading the development of the next generation of composites with higher performance and functionality – Carbon Supercomposites. These supercomposites use a proprietary fiber alignment technology to vastly improve the performance of existing carbon fiber materials, unlocking a host of new applications and improvements to existing designs and structures. Boston Materials has demonstrated a 300 percent toughness enhancement and improves compressive strength by 35 percent, all while utilizing commercially-available resins.
Boston, Mass., March 19, 2019 — Boston Materials, a Massachusetts-based startup that manufactures breakthrough Carbon Supercomposite™ products using a patented Z-axis reinforcement technology in a carbon fiber composite, has raised $1.75 million in initial funding led by Clean Energy Ventures with participation from SABIC Ventures and members of the Clean Energy Venture Group. The company will use the funding to grow its leadership and engineering team and increase the scale of its manufacturing capacity. These initiatives will help drive the market launch of its first Carbon Supercomposite product in summer of 2019.
“It’s with great excitement that we close our first round of funding and move one step closer to solving the world’s most critical material challenges,” said Anvesh Gurijala, CEO at Boston Materials. “With the help of these pivotal investors, Boston Materials can move Carbon Supercomposite products into the marketplace and enable our customers to produce durable, safe and unique components that will transform the energy and transportation sectors.”
Carbon Supercomposite is a carbon fiber composite that uses a proprietary fiber alignment technology to vastly improve the performance of existing carbon fiber materials, unlocking a host of new applications and improvements to existing designs and structures. Boston Materials’ technology has demonstrated a 300 percent toughness enhancement and improves compressive strength by 35 percent, all while utilizing commercially-available resins. Additionally, Carbon Supercomposite provides drastically higher through-thickness electrical and thermal conductivities. Its application is crucial to the advancement and efficiency of the pressure vessel, wind energy, sporting goods, automotive and aerospace markets. With the latest funding, the company has already secured a pilot production facility and the manufacturing equipment for this state-of-the art composite material…
