Funding

[Funding alert] UK-based K.S. Composites Secures £3.25M in Funding

Nov 10, 2023 | By Startup Rise EU

K.S. Composites, located in the UK, secures£3.25 million. The funding came from Praetura Commercial Finance. The company intends to use the funds to grow into new, mostly American-based luxury market segments.

K.S. Composites, located in the UK, secures£3.25 million. The funding came from Praetura Commercial Finance. The company intends to use the funds to grow into new, mostly American-based luxury market segments.

Under the leadership of Managing Director Jamie Smith, K.S. Composites provides Formula 1 teams with carbon fibre components, ranging from body panels to chassis parts, that are both structural and non-structural.

Read also - London-based Letoon Holding Secures £20M in Funding

Additionally, it is an important supplier to original equipment manufacturers (OEMs) of automobiles and supercars. Automobile manufacturers employ the company's high-tech components to provide lightweight answers to their manufacturing needs.

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K.S. will concentrate on manufacturing carbon and fibre glass parts for opulent hotels and super yachts abroad. In addition, it is attempting to diversify into other markets, such as defence, where there is a growing need for high-tech carbon fibre components.

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Additionally, the business recently signed a new civil engineering contract with Network Rail, where it will use its cutting-edge materials to build composite footbridges that are less harmful to the environment.

The company, whose income has increased by double in the past two years, established its own Composite Training School, which has already graduated thirty newcomers to the sector.

Read also - Finnish-based Cleantech Startup SpinDrive Raises €3.8 Million in Series A Round Funding

Most of them have now started working for the company full-time at its 48,000 square foot headquarters in Melton Mowbray. This is also an essential part of the company's plan, since it lessens the industry's reliance on offshore contractors by supporting British manufacturing and giving talent located in the UK access to went on training.

About KS Composites

With constant expansion, KS Composites has established itself as a major player in the development and manufacturing of composites and GRP worldwide. As a firm, they always look for new technologies and solutions to ensure that they stay up current with R&D, which is always evolving.

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