Arevo Announces New Aqua 2 Carbon Fiber 3D Printer, $25M in Series B Funding

Share this Article

Due to its stiffness, high strength-to-weight ratio, and the fact that it demonstrates anisotropic properties, carbon fiber has been used as a less expensive replacement material for metals such as titanium for decades, and has many applications in industrial sectors like aerospace and automotive. As you may know, Silicon Valley technology startup Arevo has long focused on continuous carbon fiber composites printing. Back in 2015, the company, which counts the CIA’s venture capital arm In-Q-Tel as an investor, developed a laser-based method for 3D printing carbon fiber with a multi-axis robotic arm. This technology, paired with quality design software, allows Arevo, and its customers, to automate the design and printing of large, complex, continuous CFRP composite parts.

“High speed automation removes human errors in traditional composites manufacturing,” the Arevo site states. “Our patented technology uses lasers to manufacture high quality composite parts at scale.”

Now, the California company is announcing its newest innovation: the Aqua 2 3D printing system. Arevo states in a press release that the new Aqua 2 is the first high-speed 3D printer in the world for large continuous carbon fiber composite structures. Additionally, it said that the Aqua 2 printer is of higher quality, can achieve rapid, on-demand fabrication of custom composite parts up to one cubic meter in size, and can also print four times faster than the 3D printer that came before it.

But its new Aqua 2 3D printer isn’t the only good news Arevo is sharing—the company also announced that it has closed its Series B financing round after raising an additional $25 million, bringing the total amount raised to $60 million.

Leaders of this round were GGV Capital and Defy Partners, and additional support came from Alabaster, previous investor Khosla Ventures, and more.

“We are excited to have Defy and GGVC on board to bring not only capital but a vast amount of strategic experience,” Arevo’s co-founder and chairman Hemant Bheda stated. “The strong interests in the company despite tough market conditions really reaffirm our vision.”

Aqua 2 Printer Head

Additionally, Defy has appointed serial entrepreneur and investor Brian Shin to join the board of directors at the startup, which also includes Bheda, Khosla’s Bruce Armstrong, and Arevo’s CEO Sonny Vu.

“Arevo is a compelling opportunity for us as it combines our three main investment foci: consumer internet, enterprise, and smart tech. We see fantastic potential in this market, and have backed Sonny before at Misfit,” said Hans Tung, a Managing Partner at GGVC. “Arevo is led by an experienced team with solid technological foundation and 3D printing manufacturing know-how at scale – to offer breakthrough products at competitive prices.”

Arevo has been historically well-funded over the years, and recently launched a crowdfunding campaign on Indiegogo to sell its first direct-to-consumer products: the Superstrata bicycle and e-bike. The startup has used its technology to create bicycle frames before, but claims that its Superstrata products will be the first real custom 3D printed unibody carbon fiber bikes. This campaign has been so popular that within three minutes of launching, the goal of $100,000 had already been reached, and now it’s close to raising $4 million.

“Arevo’s new platform enables fabrication of high strength, low weight carbon fiber parts, currently not possible with today’s standard techniques. We are thrilled to be working with the team to help scale up this incredibly impactful technology,” said Trae Vassallo, founding partner at Defy.

Carbon fiber-reinforced thermoplastic bracket

(Source/Images: Arevo)

Share this Article


Recent News

Sustainable, Customizable 3D Printed Flip Flops Available on Kickstarter

Carbon Expands in Italy and the UK as 3D Printing Demand Grows



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

COBOD’s 2020 Financial Results Confirm Profitable Growth for Construction 3D Printing

It turns out that 2020 was an excellent year for Danish firm COBOD. The cement 3D printer manufacturer reported a gross profit of DKK 9.3 million ($1.5 million) for 2020...

3D Printing News Briefs, April 11, 2021: Qontrol & 3DPRINTUK, Carbon & NADL, Zortrax, Artec 3D & Objex Unlimited

We’ve got a little business news to share with you in today’s 3D Printing News Briefs, followed by news about a new material. Then, it’s on to two stories about...

Featured

Carbon Design Engine Generates Conformal Lattices for 3D Printing

On March 2, Carbon released its new Carbon Design Engine, with a lattice design generator that can automate the creation of conformal, single-zone lattices. Carbon has been working with its...

Orbex to Europe’s “Largest” Industrial 3D Printer to Build Rocket Parts

Private launch service provider Orbex is getting ready to send its first rockets to polar orbit in 2022. During the past five years, the innovative UK startup has been developing...


Shop

View our broad assortment of in house and third party products.