Graphenea announced that it has received a 1 million Euro ($1.36 million) investment from Repsol Energy Ventures and CDTI Innvierte venture capital fund. The funds will be used to accelerate Graphenea's business plan towards industrialization. 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 Euro 10-year Graphene Flagship project.