Sustainability Volvo, BMW and other OEMs invest millions in natural fiber composites

From Claus-Peter Köth | Translated by AI 1 min Reading Time

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Bcomp closes a $40 million funding round. The Swiss company's flax-based composites can be seamlessly integrated into OEM production processes.

The Swiss company Bcomp manufactures high-performance natural fiber composites - among other things for mobility.(Image: Bcomp)
The Swiss company Bcomp manufactures high-performance natural fiber composites - among other things for mobility.
(Image: Bcomp)

Bcomp, a leading provider of high-performance natural fiber composites, recently announced the completion of a Series C funding round of $40 million. The round was led by EGS Beteiligungen AG, a Swiss investor focusing on growth companies. Verve Ventures, the Zurich Cantonal Bank and RKKVC are other new investors.

Moreover, a number of participants in the Series A and Series B financing have deepened their investments in Bcomp, including Generali and Airbus Ventures, as well as strategic investment funds associated with renowned OEMs such as BMW i Ventures, Porsche Ventures and Volvo Cars Tech Fund.

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"The success of this financing round shows that investors are convinced of our powerful decarbonization solutions," says Christian Jaag, Chairman of Bcomp.

60 percent lower CO2 footprint

The funding is intended to help Bcomp expand production capacities and support entry into new markets in Asia and North America. Bcomp's products are already being used on an industrial scale at Volvo and Polestar, for example for visible interior components in the electric Volvo EX30. BMW uses natural fiber materials for interior and exterior parts of the M4 GT4.

The patented reinforcement fabrics based on flax "powerRibs" and "ampliTex" are used as a substitute for standard materials such as carbon, glass or plastic. According to Bcomp, they offer higher stiffness with less weight compared to synthetic composites.

By using sustainable materials and less material input, the CO2 emissions over the entire life cycle of the customer products can be significantly reduced. Bcomp refers to a CO2 burden that is up to 60 percent lower compared to standard materials.

In addition, the components can be recycled and reused, for a second life in new components. With certifications such as IATF 16949 and ISO 9001, the thermoplastic product range is a so-called drop-in solution that can be seamlessly integrated into series productions, according to the statement.

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