Divergent 3D announces a Series B financing scheduled for close on or before December 15, 2017 in order to accelerate the commercialization of its AM enabled technology.
We are talking about $65+million with an additional investor option of $40 million to further accelerate revenue growth, bringing the aggregate funding, with option, to $107 million.
The technology development and licensing company is currently achieving a sustainable manufacturing revolution in the car industry, thanks to its end-to-end software-hardware solution which integrates 3D metal printing into the design, engineering and manufacturing of advanced vehicle structures for the automotive and aerospace industries.
Blade, 3D printed car by Divergent
“With the ability to quickly respond to market demands, the Divergent system allows automakers and technology companies to innovate at a much faster rate—scaling up volume production at only a fraction of the cost while also alleviating environmental damage,” explains Czinger. “As a leading investment holding company dedicated to advancing sustainable manufacturing and transportation, O Luxe aligns with Divergent’s mission and fully understands the importance of disruptive technologies to the automotive industry. We are thrilled to partner with a company that supports our growth and vision.”
The Series B funding
In order to accelerate the commercialization of Divergent’s technology, the funding will provide additional resources to proliferate the technology globally, especially in the rapidly expanding Chinese electric vehicle market. The goal of the company is to build safer, stronger and more profitable eco-friendly vehicles at mass volumes.
Hong Kong-based investment holding company, O Luxe Holdings Limited (“O Luxe”), led the investment group, which includes other big names such as Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies.
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