Corebon AB, a Swedish material tech start-up has created a ground-breaking method for producing carbon fibre components and Scania’s corporate venture capital fund is investing in the patented innovation.
Located in southern Sweden, the start-up has created a revolutionary method for producing components of carbon fibre reinforced plastics which is applicable to an expansive range of products across various industries including automotive, telecommunication, aerospace and robotics.
The patented process is based on induction heating and allows Corebon to generate carbon fibre components at significantly higher speed than through current established methods. The quality of the produced carbon fibre component is also improved, and energy consumption in production is considerably reduced.
Corebon is currently a supplier to a leading player within the telecom sector and is in different stages of implementation projects with several other key companies within different industries.
“We are in an acceleration phase and are growing both our production capacity and our organisation. With Scania Growth Capital as lead investor in our SEK 45 million capital raising rounds and Scania’s ecosystem and knowledge will certainly help us accelerate growth,” explained Founder and CEO of Corebon AB, Tobias Björnhov.
“Corebon has developed a truly disruptive method for production of carbon fibre components. The technology has the potential to fundamentally change the reach of carbon fibre in industrial applications, which traditionally has been limited due to long lead-time and high cost,” added Partner at the management company of Scania Growth Capital, Christian Zeuchner.
This investment will make the fourth investment by Scania’s corporate venture capital fund. For every investment, the approach has been to contribute with industry knowledge, in addition to the invested capital. In this case, Per-Arne Eriksson Head of Customised Truck Development at Scania, will join the board of directors of Corebon. Eriksson said: “The strategy has been to invest in companies that have strategic relevance to the ecosystem in which we operate and Corebon fits very well. In the rapidly changing automotive industry, we see many opportunities to expand the use of carbon fibre composites to more applications as an enabler in product development, including in vehicle electrification.”