Bcomp raises CHF 32m in Series B round with leading investors

The Freiburg based startup developed proprietary reinforcement technologies ampliTex and powerRibs used for making light and stiff composites that enable reduction of the environmental impact of products, thanks to weight reduction, dematerialisation, renewable raw materials, and viable end-of-life options. Moreover, the natural composites offer significantly higher vibration damping and can reduce the risk of sharp shattering.

Bcomp is active in the automotive and mobility industry, motorsports, marine, sports, and other sectors. The startup has worked with various companies such as BMW, which has tested and validated Bcomp’s ampliTex™ and powerRibs™ technologies in leading motor racing categories since 2019. Volvo Cars first worked with Bcomp in 2018 for the Volvo Ocean Race Recycled Plastics Demonstrator Vehicle, followed by its most recent concept car, the Volvo Cars Concept Recharge, in 2021. Volvo Cars’ strategic affiliate Polestar also plans to adopt Bcomp materials. Porsche AG worked alongside the Bcomp team to develop the first natural fibre composite motorsport door in 2019. Following the success, Porsche Motorsports applied the technology for its latest fully electric Mission R concept car in 2021.

In addition to the mobility companies, Bcomp has attracted a group of financial and impact investment companies in its oversubscribed series B round. The automotive venture capital from BMW i Ventures, Volvo Cars Technology Fund and Porsche Ventures, alongside Airbus Ventures, Generali, and existing investors, joined the round and collectively bring new competencies to help fuel Bcomp’s hyper-growth. The combination of investors is unique and confirms the strong interest from the market for Bcomp’s technologies. The CHF 32.4 million investment will enable Bcomp to scale its workforce, increase its global and domestic production capacity and strengthen its commercial footprint.

“The success of this investment round is a testament to the many years of hard work from the whole team, paving the way for us to scale Bcomp to an entirely new level. We put a very strong focus on attracting strategic investors, but never could I have imagined closing the round with some of the most prestigious Venture Capitalists from the automotive, aerospace, mobility, impact- and finance sectors. The strong interest from our targeted large-scale mobility markets is clear. Now is the time to scale our production and deploy our global strategy. We are very excited to open this new chapter with the great support of our new partners, developing Bcomp as the global leader of sustainable lightweight material solutions, and making our contribution to the circular economy.” says Christian Fischer, Bcomp CEO.

(Press release/RAN)