EGSB has led Bcomp Ltd's Series C financing round

Bcomp, a leading provider of high-performance natural fiber composites, has completed a Series C financing round of 40 million US dollars. The round was led by EGS Beteiligungen AG, with participation from Verve Ventures, Zürcher Kantonalbank, RKKVC and existing investors such as Generali, Airbus Ventures, BMW i Ventures, Porsche Ventures and Volvo Cars Tech Fund.

The financing enables Bcomp to expand production capacities, implement commercial opportunities in the automotive industry and expand into new markets in Asia and North America. The patented flax-based reinforcing fabrics, PowerRibs™ and AmpliTex™, offer weight and stiffness benefits as well as a reduction in CO2 emissions of up to 60% compared to conventional materials.

BComp's materials are already being used by original equipment manufacturers such as Volvo, Polestar and BMW and will be extended to other industries such as rail, buses, aviation, space and consumer goods.

EGSB is convinced that Bcomp is ideally positioned to make an active, market-based contribution to decarbonization. Together with the top-class group of investors, we are delighted to be able to support the Bcomp team on their continued successful journey.

‍

‍