Firm 3D printed membrane Evove The company announced that it has closed a funding round of 5.7 million GBP, which attracted new investment. AM Ventures.
One Ventures AM Ventures led the round. AM Ventures was accompanied by several other backers who injected cash into the UK business.
Evove plans to make use of the investment to expand its manufacturing capabilities and increase its delivery time for precision-engineered membranes. Harnessing graphene oxide based coatings and 3D printed enhancements, the company believes its Separonics membranes will provide ‘transformational’ productivity gains in selectivity and flux, as well as improved operational efficiency, energy consumption, and equipment lifetime. Evove believes these benefits can be applied in the food, beverage, semiconductor manufacturing, water reuse, and desalination industries. The company also augments existing membranes through its Enhance product line, with coatings, inserts and spacers used to make significant performance gains in energy, water and chemical consumption, carbon neutrality and productivity.
“We are thrilled to have received support from At One Ventures and AM Ventures in addition to further investment from our existing investors,” commented Evove CEO Chris Wyres. “This funding will enable us to increase manufacturing capacity and expand our service and support network, enabling us to help end-users solve some of the world’s biggest water and energy challenges.”
“To fully transition to a net zero economy, we need to increase lithium supply and enable green hydrogen production,” offered Helen Lin, Partner at At One Ventures. “We believe in Evove’s ability to transform these sectors die to the strength of not just its technology but the team. They have a strong track record in delivering growth and investor returns, as well as a passion for creating scalable industrial solutions.”
“We are convinced that Evove is a prime example of how additive manufacturing can transform our world and significantly reduce CO2 emissions in many areas,” added Johann Oberhofer, Managing Partner at AM Ventures. “We back trailblazing entrepreneurs in 3D printing and Evove are at the forefront of precision engineered filtration membranes that will significantly disrupt the status quo in their markets.”
Evove Senior Additive Manufacturing Engineer Richard Finch will present at TCT 3SixtyThe UK’s largest additive manufacturing conference, X-factor, took place in June. The event registration is now open.
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