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4th September 2018, Sweden

Scania backs new carbon composite technology

Scania’s corporate venture capital fund is investing in the Swedish material tech start-up Corebon AB, which has developed what it says is a revolutionary method for producing carbon fibre components.

Based in southern Sweden, the start-up has developed a method for producing components of carbon fibre reinforced plastics which is applicable to a wide range of products in industries such as automotive, telecommunication, aerospace and robotics.

The patented process enables Corebon to produce carbon fibre components at significantly higher speed than established methods. © Scania

The patented process is based on induction heating and enables Corebon to produce carbon fibre components at significantly higher speed than established methods. The quality of the produced carbon fibre component is also said to be improved, and energy consumption in production is considerably lower.

Corebon is already a supplier to a leading player within the telecom sector and is in different stages of implementation projects with several other key companies in different industries.

“We are in an acceleration phase and are growing both our production capacity and our organisation,” says Tobias Björnhov, founder and CEO of Corebon AB. “Having Scania Growth Capital as the lead investor in our SEK 45 million capital raising rounds and its ecosystem and knowledge will certainly help us accelerate growth.”

“Corebon has developed a truly disruptive method for production of carbon fibre components,” adds Christian Zeuchner, partner at the management company of Scania Growth Capital. “The technology has the potential to fundamentally change the reach of carbon fibre in industrial applications, which traditionally has been limited due to long lead-time and high cost.”

This marks the fourth investment by Scania’s corporate venture capital fund. For each investment, the approach has been to contribute with industry knowledge, in addition to the invested capital. In this case, Per-Arne Eriksson head of customised truck development at Scania, will join the board of directors of Corebon. Eriksson says:

“The strategy has been to invest in companies that have strategic relevance to the ecosystem in which we operate and Corebon fits very well,” he says. “In the rapidly changing automotive industry, we see many opportunities to expand the use of carbon fibre composites to more applications as an enabler in product development, including in vehicle electrification.”

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