Its natural fiber-based sustainable lightweighting solutions enable substantial weight and CO2 emission reductions versus standard materials, with applications ranging from FORMULA 1 and automotive, to aerospace, yachts, and infrastructure. The new funding will help scale the business to a global commercial and production footprint, maximizing its sustainability impact.
Bcomp is active in the automotive and mobility, motorsports, marine, sports, and other industry sectors. Its proprietary reinforcement technologies ampliTex™ and powerRibs™ are used for making light and stiff composites that enable reduction of the environmental impact of products. This is achieved through weight reduction, dematerialisation, renewable raw materials, and viable end-of-life options. They offer significantly higher vibration damping and can reduce the risk of sharp shattering.
The flax fibers used to produce ampliTex™and powerRibs™ sequester CO2 during their growth and act as a rotational crop to improve soil health and subsequent harvests. They are also indigenous to their growth areas, which results in low water and fertiliser requirements for long-term sustainability. Once the parts are no longer needed, the mono-material can be recycled or used for energy recovery in incineration plants.
The OEMs associated with the investors have first-hand experience with Bcomp technologies.
BMW has tested and validated Bcomp’s ampliTex™ and powerRibs™ technologies in leading motor racing categories since 2019. Starting with the iFE.20 Formula E race car, the technologies were also used for parts of the 2020 BMW M4 DTM bodywork and include the recently announced BMW M4 GT customer racing exterior and interior. The next step is transferring the sustainable technologies and scaling their impact to road-homologated cars.
Volvo Cars first worked with Bcomp in 2018 for the Volvo Ocean Race Recycled Plastics Demonstrator Vehicle, followed by its most recent concept car, the Volvo Cars Concept Recharge in 2021. The Volvo Cars Concept Recharge demonstrates the steps Volvo Cars intends to take in all areas of pure electric car development to reduce its cars’ and its overall carbon footprint.
Inside the Volvo Cars Concept Recharge, Volvo Cars has used Bcomp’s natural fiber composites for the lower storage areas, back of the headrest and the footrest. For the exterior, it is used for the front and rear bumpers as well as the sill mouldings. Volvo Cars is actively exploring the use of natural fibre composites in its next generation of pure electric cars.
Furthermore, Volvo Cars’ strategic affiliate Polestar aims to adopt Bcomp materials for most of the interior panels of the Polestar 5, the production evolution of the Polestar Precept, which is expected to be launched in 2024.
Porsche AG worked alongside the Bcomp team to develop the first natural fiber composite motorsport door in 2019, with the project being listed as a finalist in the JEC Innovation Awards. Following that success, Porsche Motorsports leveraged the benefits of ampliTex™ and powerRibs™ in the production of both exterior and interior vehicle components for the Cayman 718 GT4 CS MR, culminating in the launch of Porsche’s visionary fully electric Mission R concept car in 2021.
Many of the Mission R's add-on parts are made using Bcomp’s natural fiber reinforced plastic (NFRP). The natural fibre material can be seen on the car’s exterior, such as the front splitter, the doors, the side skirts and the diffuser.
“The success of this investment round is testament to the many years of hard work from the whole team, paving the way for us to scale Bcomp to an entirely new level. We put a very strong focus on attracting strategic investors, but never could I have imagined closing the round with some of the most prestigious Venture Capitalists from the automotive, aerospace, mobility, impact- and finance sectors. The strong interest from our targeted large-scale mobility markets is clear. Now is the time to scale our production and deploy our global strategy. We are very excited to open this new chapter with the great support of our new partners, developing Bcomp as the global leader of sustainable lightweight material solutions, and making our contribution to the circular economy.” says Christian Fischer, Bcomp CEO.
“We are very proud to announce our Series B closing, marking a very important milestone in the development of Bcomp. We are grateful to our long-term investors who have yet again contributed to this round, and we are extremely happy to welcome some of the best strategic and financial investors we could have wished for., says Tobias Laederach, Bcomp CFO.
The new investors include automotive OEM venture funds BMW i Ventures, Porsche Ventures and Volvo Cars Technology Fund AB, alongside Airbus Ventures, Generali, and existing shareholders, collectively adding new competencies to help fuel Bcomp’s hyper growth. The interest in this minority investment round was significant, resulting in an oversubscribed round.