Sustainable Alternative to Metals Enabled by AI looking to raise VC funds

Posted On: 12 / Jun / 2023
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Sector Agnostic
Charge

Deal Status

Active

Deal Description

Description :

A 2013 estd. Singapore based unquie  manufacturing company with patent technology and having manufacturing tie-ups in multiple countries to cater local needs. Its in green products and profitable.

It has won awards and recognition by prestigious organization.

The Company offers A-Z metal replacement solution from design to material selection and mass production. We promote the use of sustainable materials, including recycled, upcycled and bio-sourced thermoplastics as well as reclaimed fibers.

For 2 consecutive years, the Company has delivered over 8000 pcs of advanced composite parts to Unger, a developer of professional cleaning equipment in Germany and USA.

  1. 2020 (COVID-19 Pandemic) – The Company diversifies and introduces its technology beyond aerospace.
  2. 2022 (Technology Validation) - launches a paid technology validation project, 4 premium economy seat components are selected for further development and production.
  3. 2024 (Potential Exit) - to pursue acquisition of the company aircraft interiors business by end of 2024. Proceeds will be partially re-invested and also distributed among shareholders.

To expand its looking for $5million VC fund.

Financials:

2020 = USD 75000K

2021 = USD 175,000K

2022 = USD 125,000K (Half Yearly)

Why replace metals with discontinuous fiber composites?

  1. Carbon Footprint
  2. Supply Chain Security
  3. Energy Saving
  4. Cost Reduction

Projects:

1. Scalable Project A: Replacing magnesium in steering wheels

USP: The Company worked with Solvay to develop a new material coupled together with an innovative design. Overall CO2 reduction of 82% while maintaining cost and weight.

2. Scalable Project B: Replacing aluminum in escalator steps

USP: The Company has teamed up with SABIC to develop a new material using recycled feedstock. 95% lower CO2, 30% lighter and all within cost target of RMB 250.

3. Scalable Project C: Replacing magnesium in car seats

USP: Long-fiber formula with recycled feedstock and optimal design offering 10% weight-saving, 82% reduced CO2 while meeting cost target of $22.5.

4. Scalable Project D: Replacing aluminum in aircraft seats

USP: 3-in-1 part + single-mold approach with modular design enables variable width. 25% saving in terms of weight and cost.

No Files Attached

Deal Value
39.95 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed