Bcomp closes $40 million Series C funding

In Switzerland, Bcomp announced it has completed a $40 million Series C investment funding round. 

The round was led by EGS Beteiligungen AG (EGSB), a major Swiss institutional investor focused on growth-stage companies. Verve Ventures, Zürcher Kantonalbank, and RKKVC are additional new investors, the firm said.

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 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 decarbonisation solutions,” said Bcomp Chairman Christian Jaag. “This investment will expand our existing markets as well as propel our growth into exciting new sectors.”

The funding will help Bcomp scale its production capacity to convert an advanced pipeline of commercial opportunities in industrial automotive and support its entry into new markets in Asia and North America, the company added.

Bcomp’s patented range of bio-based reinforcement fabrics — powerRibs and ampliTex — are pioneering technologies that can be used by OEMs as substitutes for standard materials like carbon, glass or plastic in its target markets, it added.

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