Evove raises £5.7m to increase manufacturing capacity of membranes enhanced with 3D printing
Firm 3D printed membrane Evove The company announced that it has closed a 5.7 million GBP funding round. This round attracted new investment. AM Ventures.
One Ventures AM Ventures led the round. AM Ventures was accompanied by several existing backers who injected cash into the UK-based firm.
Evove will use the investment to expand its manufacturing capacity and increase its delivery of precision engineered membranes to the market. 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 claims these benefits can be used in the water reuse, food and drink, green hydrogen, semiconductor manufacturing, 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 event, X-factory, will be held in June. Registration is now open.
Have a question? Join the conversation on the TCT Additive Manufacturing Network.
Get your FREE print subscription to TCT Magazine.
Exhibit at the UK’s definitive and most influential 3D printing and additive manufacturing event, TCT 3Sixty.