Bcomp, the Swiss-based developer and supplier of high-performance, natural fiber composites, has completed a US$40m Series C investment funding round. The round was led by EGS Beteiligungen (EGSB), a major Swiss institutional investor focused on growth-stage companies. Verve Ventures, Zürcher Kantonalbank and RKKVC are additional new investors.
The funding round also saw a group of Series A and Series B participants deepen their investment in Bcomp, including Generali and Airbus Ventures, in addition to strategic investment funds associated with high-profile automotive OEMs such as BMW i Ventures, Porsche Ventures and Volvo Cars Tech Fund.
“The success of this funding round speaks to the belief of investors in our high-performance decarbonization solutions,” said Bcomp chairman Christian Jaag. “This investment will expand our existing markets as well as propel our growth into exciting new sectors.”
Bcomps states that the funding will help scale its production capacity to “convert an advanced pipeline of commercial opportunities” in the industrial automotive sectors and support its entry into new markets in Asia and North America. The company is already seeing industrial-scale applications of its ground-breaking products at Volvo and Polestar.
