The connections that link Dublin’s PlasmaBound attract 2.35 million
Exclusion of Dublin University College PlasmaBound raised 2.35 million in the last round of funding. Startup’s patented Controlled Polymer Ablation (CPA) technology acts as a binder between ultra-light fiber-reinforced materials. The new capital is expected to further boost the company’s expansion efforts. To date, PlasmaBound has raised a total of $ 3.5 million.
As global industries continue to move forward toward their carbon reduction goals, efficiency is at the forefront of almost every material developer. In the automotive world, for example, lighter materials reduce the weight of a battery-powered engine and thus a wider operating range.
But when we start removing traditionally metallic components, elements that are joined to fiber-reinforced parts during welding, such as the Bcomp natural fiber / plastic sandwich, who keeps everything in place?
This is a key issue that PlasmaBound is addressing with its controlled polymer ablation solution. According to the company, used in the aerospace, transportation, marine, renewable energy and consumer electronics sectors, their process allows for the rapid integration of composites without any consumables and without waste, while maintaining 100 percent fiber integrity and structural efficiency.
“Our technology aims to accelerate the use of more renewable, lightweight materials as we move towards a more sustainable, low-carbon future. We are pleased to continue our fast-paced journey to make these materials standard in vehicles, structures and equipment, ”commented PlasmaBound CEO. Alan Baris. “Currently, due to cost and complexity, this is limited to high-tech programs or premium points with limited real environmental impact. Incorporating recyclable composites into core mass production will drive all our efforts to achieve a sustainable tomorrow.
“The level of real-world plasma management achieved through CPA will allow industries to use composites everywhere, economically and creatively, taking a major step forward in the use of composites. “Something I think the industry has been waiting for,” concluded Act Venture Capital’s. John O’Salivan.