Graphmatech raises an oversubscribed 84.5 million SEK investment round

 

Driven by the transition to a sustainable world, global demand for raw materials is soaring. For many materials, the forecasted demand far outstrips the supply. Graphmatech is well positioned to supply the necessary alternative materials: more conductive, stronger and more durable metals and polymers that use much less raw materials than the current alternatives. The investment round is fundamental to accelerate their 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,” says Graphmatech CEO and founder Dr. Mamoun Taher. “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, continued to invest in Graphmatech. Molindo Energy led the round together with returning lead ABB Technology Ventures. Morgan Sadarangani will join the board from Molindo Energy.

“Graphmatech will be a key player in the energy transition,” says 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 honored to support the strong Graphmatech team on this journey, says Boris Gyllhamn, Investment Manager, Almi Invest GreenTech AB

“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,” says Kurt Kaltenegger, Head of ABB Technology Ventures.

For further information, please contact:

Dr. Mamoun Taher
Graphmatech AB
Mältargatan 17
753 18 Uppsala, Sweden
[email protected]
018-701 0270

Morgan Sadarangani
Molindo Energy AB
Månhornsgränd 5
[email protected]
+46 73 593 15 00