AREVO raises US$25 million to build the world’s largest continuous carbon fiber composite AM facility

Sonny Vu, CEO of AREVO said: “After launching Aqua 2 last year (4 times faster than Aqua1), we focused on mass production and operation of these systems. Now, there are 76 systems connected to the cloud and sold in our different Location operation, we have completed the first stage of industrialization. Now, AREVO is ready for market growth and can handle the needs of the company’s own consumer product brands and the needs of our B2B customers.”

AREVO was established in Silicon Valley in 2014, with its continuous carbon fiber3D printingKnown for technology. This company originally released FFF/
FDM
Composite material series products, claiming that its strength is five times that of titanium, and then developed advanced3D printing
software
And the system combination.
In 2015, AREVO created its scalable robot-based additive manufacturing (RAM) platform, based on its finite element analysis tool path optimization program to optimize3D printingStrength and appearance of components.
After six years of development, the company’s continuous carbon fiber technology is protected by more than 80 patents.In the past, this technology has been used for the California manufacturer Franco Bicycle Company3D printingThe bicycle frame is used to shorten delivery time and is used in the upcoming electric bicycles of California start-up Superstrata to eliminate the need for gluing or welding.
Earlier this year, AREVO collaborated with the award-winning studio BranchCreative to design and print the “Scotsman” electric scooter, all using a unified carbon fiber composite frame, handlebars and handlebars.

AREVO has now completed the construction of its new continuous fiber composite additive manufacturing facility, which it claims is the largest in the world. The facility center has a complete production system, including the 70 Aqua 2 systems it launched last year.
Aqua 2 focuses on printing large-size continuous carbon fiber parts and is designed as a high-speed machine capable of printing up to one cubic meter in size. This machine prints four times faster than its predecessor and is suitable for quickly creating on-demand parts. Aqua 2 system has been used3D printingBicycle racks, sports equipment,
car
part,
aviation
aerospace
Parts and
architecture
structure.

In addition to the completion of new facilities, AREVO raised US$25 million in the latest round of financing. This round of financing was led by Khosla Ventures, with the participation of Founders Fund, GGVC, Alabaster and Defy.
AREVO has received support from many investors over the years and raised 7 million US dollars in 2016 to expand its business and began to develop strong, lightweight components for production applications. Later, in 2018, it completed a $12.5 million Series B financing to support its continued research and development work. The company is launching Aqua 2 3D printingAt the same time, it also completed a round of financing of 25 million US dollars for the further development of its carbon fiber3D printingtechnology.

(Editor in charge: admin)