EPoS Technologies, Villaz-Saint-Pierre, Switzerland, has raised CHF 2 million (US $2.2 million) in in a pre-Series A funding round led by Nivalis Group, for the continuing development of its novel electro-sinter-forging process.
Aslo referred to as eForging, the electro-sinter-forging technology developed at EPoS is said to enable users to create completely new materials, and to produce parts with unprecedented precision, functionalities, density, and strength.
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The new investment from Nivalis Group marks the start of a new development phase for EPoS, which intends to use the funds to strengthen its team, build the first industrial-scale electro-sinter-forging press and start the commercialisation of components and materials. The target for the new machine is to achieve a productivity of one part every five seconds and to double the size of the components that can be manufactured.
Nivalis Group president, Christophe Fragnière stated, “We believe that, with their leading-edge technology and the highly skilled team, EPoS has the potential to become an indispensable and invaluable partner to key players in various industries.”
The startup company reports it has already attracted interest from a few highly engaged clients who are actively investing in new eforged products.
“Thanks to the commitment of the Nivalis Group, its directors, EPoS historical investors and the key people at EPoS, we are finally close to seeing the first industrial grade electro-sinter-forging machine to produce novel parts and showcase what electrification can do when applied to powder technologies,” added Alessandro Fais, EPoS CEO and founder. “We are on the brink of a breakthrough that will have a profound impact on the manufacturing world and how new materials and components are developed.”