EPoS, an Italian start-up specialising in developing new electro-sinter-forging technologies, has raised a CHF 1 million late seed funding round led by Nivalis Group, an investment company based in Villaz-Saint-Pierre, Switzerland.
EPoS designs, develops and implements a unique electro-sinter-forging technology to produce parts used in various industries. Commonly referred to as eForging, the company’s technology enables the production of new materials, said to be, until now, impossible to manufacture, and to produce parts with excellent precision, density and strength. Additionally, processing time and energy consumption is said to be greatly reduced.
“EPoS is truly one-of-a-kind,” stated Nicolas Corsi, Nivalis Group CEO. “Their technology is so unique and disruptive, EPoS has the potential to create a demand the industry doesn’t know yet it needs. We are confident that this leaner, cleaner process will be the go-to technology for key industry players in the foreseeable future.”
The investment from Nivalis Group marks the start of a new development phase for EPoS, which will accelerate R&D, grow its team, and prepare for industrialisation and market implementation. EPoS will relocate its offices, R&D centre and production workshop from Rivoli, near Torino, Italy, to Switzerland’s Le Vivier Technology Park in January 2022.
Alessandro Fais, EPoS CEO, commented, “With its entrepreneurial core and exceptional experience in industrial automation, I consider Nivalis Group as a rare hybrid creature of entrepreneurship and the perfect partner for EPoS. The injection of new capital allows us to reinforce the company with competent, fast pacing and dedicated people, and to prioritise on industries for which eForging is the perfect solution: watchmaking, permanent magnets and diamond abrasive tools. I’m very excited to move the business to Switzerland, the land of high-tech innovation.”