Boston Materials, a leader in high-performance materials, announced that the company has raised a $12 million Series A2 round led by Good Growth Capital. The round also includes new strategic investors GS Group and PTT Global Chemical, which will provide important supply chain relationships and unlock customers in new geographical regions.
The investment follows the recent news of Boston Materials’ partnership with Textron on supplying lightweight materials for aerospace applications. The new funds will support Boston Materials’ continued growth, increasing manufacturing and engineering operations at the new factory in Billerica MA, and expanding product adoption with existing and new customers.
Known for its patented Z-axis Fiber™ technology, a lightweight material produced from 100% reclaimed carbon fiber with significant energy dissipation properties, Boston Materials enables manufacturers of industrial and consumer products to create highly differentiated, energy-efficient products that have a low carbon footprint. The manufacturing scale of Z-axis Fiber enables Boston Materials to formulate products for a wide range of applications that are cost-effective to deploy at high volumes.
Read the press release
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08 November 2022
