Scottish start-up invests £ 8m to bring graphene products to market

Scotland – based Integrated Graphene is investing £ 8m to expand its manufacturing process for commercial graphene production.

Graphene, often described as a wonder material, has the potential to replace silicon in electronics – a material vital to semiconductors. It is stronger than steel, thinner than hair as well as a conductor of electricity and heat.

Potential content applications includes sensors, membranes, energy and electronics.

At present, graphene is difficult to produce on a scale – which is what Integrated Graphene aims to change.

Claus Marquordt, co – founder and CEO of Graphene Integrated, said: “We are actively involved in projects with a number of global blue chip companies to deliver high numbers of electrodes and superchargers that address critical needs to accelerate human care point diagnostics over a wide range. range of deadly diseases and to enable low – cost, flexible and sustainable power systems for the booming IoT [internet of things]smart label and consumable technology markets. ”

Starting with graphene electrodes and supercapacitors, Graphene Integrated will first use its manufacturing technology at its new facility in Stirling, Scotland, before being distributed worldwide to partners.

Integrated Graphene, which came out of stealth in 2020, plans to triple its employees over the next three years.

The investment continues Series A Integrated Graphene in November 2020, investors led Par Equity and Archangels for an undisclosed amount.

“Integrated Graphene has developed a boundary solution that will change games and potentially drive huge impact across a range of large-scale industries,” said Aidan MacMillan, senior investment manager, Par Equity.

Based in Edinburgh, Par Equity has invested £ 125m across 71 companies since 2008. fintech speech processing Aveni.

A Scottish business angel investment syndicate recently invested by Archangels health technology company PhysioMedics.

Earlier this year a graphene-based electronics company Paragraph received £ 45m to help increase its sales.

Scottish start-up invests £ 8m to bring graphene products to market

Source link Scottish start-up invests £ 8m to bring graphene products to market

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