PlasmaBound Raises €3.1M in Funding During 2022
- PlasmaBound, a Dublin, Ireland-based automation machinery manufacturing company, raised €3.1M in funding during 2022
- The funding came from Business Venture Partners (€750k in December 2022), Act Venture Capital, Atlantic Bridge and Enterprise Ireland
- The company intends to use the funds to accelerate growth, expand operations and its business reach
- The company has developed Controlled Polymer Ablation (CPA), a bonding technology for lightweight composite materials which enables high speed and low-cost bonding of ultra-lightweight materials
- The company’s vision is to make lightweight materials affordable for low to mid-range vehicles, moving the drive toward lower CO2 emissions and longer EV ranges into mass-market applications
- This will accelerate viability of the EV proposition and have a step-change impact on sustainable manufacturing
