Graphenea logolast month Graphenea announced that it has received a €1 million ($1.36 million) investment which will be used to accelerate Graphenea's business plan towards industrialization. Today the company announced it reduced prices by around 27% due to increased production efficiency, an improvement in process yield, and the acquisition of new lab equipment.

The company also announced that in 2014 it will invest in improved quality control equipment and processes to ensure that they will be able to offer high batch-to-batch reproducibility. They also said they expect the price of graphene to continue to decrease in coming years. Graphenea's current pilot graphene production line has an annual capacity of 150,000 square centimeters per year.

Graphenea produces graphene using a CVD process and graphene flakes using chemical exfoliation. Graphenea says their materials (sold to over 40 countries) are used to develop applications such as batteries, supercapacitors, solar cells and more. The company has 11 employees and has doubled its revenue annually since it was launched. Graphene says the are the main graphene producer for the EU's €1 billion 10-year Graphene Flagship project.

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