EPOS TECHNOLOGIES CLOSES A CHF 2 MILLION PRE-SERIES A ROUND AND PREPARES TO RELEASE THE FIRST INDUSTRIAL-SCALE ELECTRO SINTER-FORGING PRESS
PRESS RELEASE
Villaz-St-Pierre, 1 February 2023
EPOS TECHNOLOGIES, the Swiss-based startup that has developed electro-sinter-forging, announces today it has raised a CHF 2 million pre-Series A funding round led by Nivalis Group.
Commonly referred to as eForging, the unique technology that EPoS designs, develops and implements allows to create completely new materials, and to produce parts with unprecedented precision, functionalities, density, and strength.
This new investment from Nivalis Group marks the start of a new development phase for EPoS Technologies, who will use the funds to strengthen its team, build the first industrial-scale Electro-Sinter-Forging press and start the commercialization of components and materials. The target for the new machine is to achieve a productivity of one part every five seconds and to double the size of the components that can be manufactured.
The young company has already attracted interest from a few highly engaged clients who are actively investing in new eforged products.
EPoS Technologies CEO and Founder Alessandro Fais
“Thanks to the commitment of the Nivalis Group, its directors, EPoS historical investors and the key people at EPoS, we are finally close to seeing the first industrial grade Electro-Sinter-Forging machine to produce novel parts and showcase what electrification can do when applied to powder technologies. We are on the brink of a breakthrough that will have a profound impact on the manufacturing world and how new materials and components are developed.”
Nivalis Group President Christophe Fragnière
“We believe that, with their leading-edge technology and the highly skilled team, EPoS has the potential to become an indispensable and invaluable partner to key players in various industries.”