Boston Materials raises $ 1.75 million in seed funding
Boston Materials, a Boston, Massachusetts-based startup that manufactures Carbon Supercomposite ™ using patented Z-axis reinforcement technology in a carbon fiber composite, raised $ 1.75 million in start-up funding.
The cycle led by the Clean Energy Venture Fund with the participation of SABIC and the Clean Energy Venture Group.
The company will use the funding to grow its team of strategic new hires and scale up its manufacturing capacity. These initiatives will contribute to the market launch of its first Carbon Supercomposite product in the summer of 2019.
Led by Anvesh Gurijala, CEO, Boston Materials designs and manufactures Carbon Supercomposite ™ – a new class of carbon fiber composite that enables durable, safe and unique parts. Carbon Supercomposite is a composite material that features both 3D and interlaminar reinforcement and is available in a prepreg that immediately integrates into existing workflows.
To date, the company has developed and scaled its core supercomposite carbon technology with the help of state and federal government grants. Previously, the company received a Phase I Small Business Innovation Research (SBIR) grant from the National Science Foundation and a Catalyst grant from the Massachusetts Clean Energy Center (MassCEC).