Graphmatech raises SEK 84.5M in investment round
June 14, 2021
Materials technology company Graphmatech AB, Uppsala, Sweden, reports that it has raised SEK 84.5 million in an investment round that is said to be fundamental to accelerate its technology development and launch graphene-based products to new markets.
“We are very pleased to see such a broad range of investors acknowledging the value of our graphene materials technology, and that both new and previous investors support our sustainability vision,” stated Dr Mamoun Tahe, Graphmatech CEO and founder. “Thanks to their support, Graphmatech can continue to scale up the production capacity, launch products and increase our technological edge.”
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, continue to invest in Graphmatech. Molindo Energy led the round together with returning lead ABB Technology Ventures and Morgan Sadarangani will join the board from Molindo Energy.
“Graphmatech will be a key player in the energy transition,” commented 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 honoured to support the strong Graphmatech team on this journey,” said Boris Gyllhamn, Investment Manager, Almi Invest GreenTech AB
Kurt Kaltenegger, Head of ABB Technology Ventures, added, “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.”