Swiss cleantech company, Bcomp, has closed a $40 million Series C round led by Swiss institutional investor EGS Beteiligungen AG. Polish investment fund RKKVC, together with Verve Ventures and Zürcher Kantonalbank, joined the funding as new investors.
- Bcomp manufactures natural fiber composites for sustainable lightweighting solutions. The company was founded in 2011 with the initial focus on developing technology for lightweight skis. Since then, Bcomp's solutions have expanded beyond skis and are now utilized in the motorsports and transportation sectors.
- Bcomp's technology is being applied for interior components in the new electric Volvo EX30, as well as in designing performance interior and exterior parts for BMW M4 GT4.
- As Bcomp's claims, automobile interiors can reduce their plastic content by up to 70% and achieve a weight saving of up to 50% compared to existing materials and procedures by utilizing the company's solutions. This makes a substantial contribution to the decarbonization process. Additionally, parts manufactured by Bcomp can be reused and recycled, giving them a second chance at life in a different set of components.
Who are the investors
- During this investment round, EGS Beteiligungen AG, a Swiss investment firm founded in 2009, was a leading investor. This fund focuses on Swiss businesses and actively supports their long-term growth. At this moment, it has 14 startups in its portfolio.
- Polish fund RKKVC joined the round as well, as a new investor. It is a single-family office, founded in 2020. The fund has its headquarters in Warsaw, but it makes investments both in Europe and the US. RKKVC invests between €100,000-€1 million in early-stage startups. Its primary focus is on software firms, namely in the deeptech and B2B SaaS.
“This investment will expand our existing markets as well as propel our growth into exciting new sectors,” said Bcomp Chairman Christian Jaag.
- The funding will assist Bcomp's entry into new markets in North America and Asia and enable it to increase the manufacturing capacity. The company will also expand the application areas of its lightweighting and sustainable solutions, adding verticals, such as rail, buses, aviation, aerospace, and consumer goods.
