Funding

[Funding alert] Germany-based Soluterials Secures Seven Figure in Seed Funding

Oct 17, 2023 | By Startup Rise EU

Soluterials, based in Germany, secures $7 million in seed funding. Three unnamed business angels and HTGF both invested in the round.
Alla Kasakewitsch - CEO & Founder Soluterials

Soluterials, based in Germany, secures $7 million in seed funding. Three unnamed business angels and HTGF both invested in the round.

The company plans to use the money to grow its staff, increase manufacturing, and hasten the market launch of their pure aluminum substance SoluteriAL.

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Soluterials, a developing startup led by Dr. Alla Kasakewitsch, Christina Walch, and Uwe Arlic, converts pure aluminum scrap (secondary aluminum) into SoluteriAL, a nano structured powerful aluminum material that extends the properties of secondary aluminum, including high electrical conductivity, high thermal conductivity, corrosion resistance, and low weight, with mechanical strength and creep resistance.

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About Soluterials

SoluteriAl is the material solution for their needs. It changes the boundaries of metallic material solutions. Its property profile and thus its infinite application possibilities make it a true multifunctional, but mono material.

Read also - Edinburgh-based Venture Capital firm Par Equity launching £100 million Fund

We thus enable our customers to achieve dimensionally stable and lightweight designs for ambitious technical ideas and all the necessary engineering and prototyping capabilities.

Using our unique material, which actively fights climate change while enhancing local supply chains, we can unleash every potential of industry. It improves efficiency, requires fewer resources, and integrates quickly.

Read also - Milan-based SaaS company Zakeke Raises €2 million in Funding

The reaction to industry's needs Physical products need to be more environmentally friendly because they are so important and impact the environment.

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