Velo3D signs $15M five-year service agreement with Momentus for metal parts production
April 16, 2025
Velo3D, headquartered in Fremont, California, USA, has announced a five-year, $15 million Master Services Agreement (MSA) with Momentus, Inc., San Jose, California, USA. Under the terms of the MSA, Velo3D will provide consulting and parts production through its new Rapid Production Solutions (RPS) service. In exchange, Momentus has issued a combination of common stock and convertible preferred stock for services that will be delivered over a five-year period.
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“We are constantly seeking opportunities to drive growth and deliver value, and this deal with Momentus marks a great step in that direction,” said Arun Jeldi, CEO of Velo3D. “This partnership represents meaningful progress for both companies, setting the stage for the successful execution of mission-critical projects over the coming years. We are optimistic about the opportunities it opens up. Additionally, the agreement provides for seamless delivery, aligns with our long-term growth strategy and secures exceptional value for our company over the next five years.”
Velo3D’s new RPS offering addresses the need for innovation and flexibility as customers look to accelerate their manufacturing capabilities:
- Accelerating the Path to Production: Velo3D works hand-in-hand with customers to develop application-specific solutions, enabling rapid innovation in production-ready manufacturing. With a focus on aerospace, defence, energy and other industries – companies can shorten design cycles and reach production qualification faster.
- Ensuring Consistent, High-Quality Parts: Reliability and consistency are critical for customers seeking to scale production. RPS integrates metrology, software, process control tools, and data-driven solutions, ensuring predictable output and rapid qualification across diverse industries.
- Flexible Production Supply Chains: Understanding that each customer has unique needs, RPS offers multiple production pathways:
- Vertically integrate AM production within the customer’s own operations.
- Partner with contract manufacturers to expand capacity without significant capital investment.
- Leverage Velo3D’s production cells for scalable surge capacity, allowing rapid scaling without significant capital investment.
It was added that under the agreement, Velo3D will not hold more than 9.99% of the outstanding shares of Momentus’ common stock at any time.
