3D printing for automotive manufacturing; copper free motors; and not one, but two marketplaces for recyclable materials– Recent deals worth looking at:
Agriculture & Food
Motatos (2013) is a provider of online marketplaces for surplus and expiring food products. It claims to have recirculated over 60,000 tonnes of food and consumer products across its five European markets since launching in 2014. It reported €80 million revenue for 2022.
Motato raised $43M in Growth Equity funding on November 23rd.
The funding will be used to grow its business in the German and Nordic regions, and to automate warehouses.
Energy & Power
Eliq (2008) is a provider of energy management solutions to help with engagement for utilities.
On November 21st, Eliq secured $10.9M in Series B funding.
This funding will support acceleration of its sales and marketing efforts while simultaneously furthering its product development. Inven Capital, Fortum and Axpo were among the participants in this funding round.
Materials & Chemicals
Divergent Technologies (2014) is a developer of 3D printing technologies for automotive manufacturing. DAPS additively manufactures structures through generative design, 3D printing and robotics.
Divergent Technologies secured $24M via Hexagon in Series A funding on November 14th.
This funding will be put towards scaling up its ‘Divergent Adaptive Productive System’ (DAPS) process across automotive production, as well as to expand its use in aerospace and defense production.
Resources & Environment
Scrapad (2020) is a developer of a platform for buying and selling scrap and recyclable materials. Currently, Scrapad already has 2,700 registered companies across 100 countries.
On November 16th, Scrapad raised $5.5M in Seed funding to continue its growth and consolidation in the market. This growth will be achieved through furthering expansion in target countries, developing an integrated technological product, and incorporating specialists to scale the company.
Transportation & Logistics
Advanced Electric Machines (2018) is a designer and manufacturer of sustainable electric motors and powertrain systems.
Advanced Electric Machines raised $28M Series A funding on November 21st to scale its production capacity and furthering efforts to develop new motor technologies. A spinout of Newcastle University, Advanced Electric Machines will also use the funding to grow its R&D capabilities in producing its copper free motor and they will establish a global sales and services footprint.
Boreas Technologies (2015) is a developer of high-voltage-, low-power-consuming piezo drivers for haptic feedback in smartphones, wearable technology, and trackpads.
Boreas Technologies’ Series B funding round on November 16th raised $12M via undisclosed investors.
The investment will be put towards accelerating the company’s production capabilities for its ultra-low-power piezo haptic semiconductors with an emphasis on automotive, PC and mobile applications.