Sweden-based graphene materials technology specialist Graphmatech has announced an oversubscribed financing round that raised more than USD$10 Million for the Company (84.5 million SEK).
The Company stated that the investment round is fundamental to accelerate their technology development and launch graphene- based products to new markets.
Molindo Energy, Forward Ventures and SEB Venture Debt are new investors, while existing investors, ABB Technology Ventures, Almi Invest GreenTech, Walerud Ventures, and KIC Innoenergy, continued to invest in Graphmatech.
Graphmatech will be a key player in the energy transition, says Morgan Sadarangani, CEO and founder of Molindo Energy.
The drive behind Graphmatech’s technology is to turbocharge the transition to a sustainable society, and Almi Green Tech is honored to support the strong Graphmatech team on this journey, says Boris Gyllhamn, Investment Manager, Almi Invest GreenTech AB
By making possible to leverage the properties of graphene on an industrial scale, Graphmatech’s technology offers tremendous potential to enable the sustainable electrification of industry, additive manufacturing and the next generation of energy storage. For ABB Technology Ventures, it is a privilege working with such a talented team lead by Mamoun and to contribute to the next phase of Graphmatech’s growth journey, says Kurt Kaltenegger, Head of ABB Technology Ventures.