Almi Invest’s GreenTech Fund have announced their decision to invest in Graphmatech, acknowledging the potential impact of graphene technology on energy and emissions savings.
“Graphene is the new black. By adding graphene to existing materials, products become lighter, have a longer service life and better conductivity, which leads to energy and emission savings” said Boris Gyllhamn, Investment Manager at Almi Invest’s GreenTech fund. “[Graphmatech] has great potential to make a difference in energy storage, which is an opportunity for the renewable energy sources of the future.”
Almi Invest’s GreenTech Fund
Almi Invest is Sweden’s most active investor in startups, managing around SEK 3 billion and investing in over 660 companies. Their SEK 650 million GreenTech Fund focuses on climate-smart investments that reduce CO2 emissions, focusing on areas such as renewable energy, recycling systems and waste management.
Their strict investment criteria identify unique, innovative Swedish startups that can take a position on the world market and which address new market opportunities with solutions to real, major customer problems. They also require companies to have scalable business models with unique technologies or niches, and a team with a diverse mix of skills and experience.
The GreenTech Fund is financed by the Swedish Energy Agency together with the EU, Almi Företagspartner and Almi Invest.
Growth at Graphmatech
“Thanks to this investment, we can expand commercialization of Aros Graphene® in the coming year, develop customized materials in collaboration with many industrial companies in Europe, and build a full-scale production line to produce graphene-based composites. Then we will look to the global market” said Graphmatech CEO and co-founder, Dr Mamoun Taher.
Almi Invest’s GreenTech Fund joins existing investors including ABB Ventures, InnoEnergy and Walerud Ventures, securing for Graphmatech the first third of a planned SEK 60 million A-round to be held in 2020.