Graphenest, provider of innovative electromagnetic interference (EMI) shielding solutions for the electronics and automotive industries, has announced that it has raised 1.8€ million in funding to scale up its graphene cleantech production and its commercial business development. The funding was led by Ged Ventures and Portugal Ventures.
With this funding, Graphenest plans to expand its production capabilities and accelerate growth toward a circular economy, by expanding its portfolio of products and strategic partnerships with the industry's value chain. It is committed to deliver high-performance shielding products that can enable customers to replace metals that are dense, rigid, and energy & resource-intensive by graphene-based solutions
"We are thrilled to have the support of our investors as we continue to grow and scale our business," said Vitor Abrantes, CEO of Graphenest. "This funding will enable us to expand our production capabilities and offer our customers even more innovative solutions for their EMI shielding needs."
"We are excited to support Graphenest as they continue to innovate in the EMI shielding space," said one of the lead investors. "Their use of graphene represents a significant breakthrough in this field, and we believe they have a bright future ahead."
Graphenest's graphene-based EMI shielding solutions offer several benefits over traditional metal systems, including superior shielding effectiveness, ultralightweight, and production cost reduction. These solutions are ideal for a wide range of 5G/6G applications, from cables & wires and batteries & electronics housings to printable electronics for Radar & LiDAR, among other components.