Tuesday, February 7, 2023

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PlasmaBound: Raises €3.1M in Funding During 2022

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

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