Xerox’s Equipment Financing Arm Announces Partnership with Velo3D

Formnext

Share this Article

FITTLE, Xerox’s equipment financing division, announced that it has formed a strategic partnership with Velo3D, a metal additive manufacturing (AM) original equipment manufacturer (OEM) based in Silicon Valley. The partnership will provide a wider range of purchasing options to Velo3D customers for the company’s line of Sapphire metal printers.

FITTLE established at least two similar partnerships with AM companies last year: one with the construction printing firm Black Buffalo; another, announced in December, 2022, with leading desktop printer OEM, Formlabs. FITTLE’s growing foothold in the AM sector is significant given that Xerox scrapped its AM division last fall, and a partnership with Velo3D seems particularly notable, given that Xerox was attempting to enter the metal AM space with its ElemX printer.

In a press release announcing FITTLE’s partnership with Velo3D, the president of FITTLE, Nicole Torraco, commented, “Velo3D is experiencing impressive growth and increased demand, well on its way to becoming one of the largest metal [AM] companies in the world. We look forward to supporting this growth as we provide new financing structures for their customers across various global markets.” William McCombe, CFO of Velo3D, added, “As we continue building upon our significant year-over-year growth, our focus is on ensuring all potential customers have access to our industry-leading solutions. FITTLE will make our solutions more accessible to customers so they can focus on creating mission-critical metal parts for their companies.”

Velo3D is an apt choice of partner for FITTLE, given that the former already has, as a key part of its customer base, small and medium enterprise (SME) machines shops that specialize in making parts for heavy industry. That is also precisely the link in global supply chains that is going to have to scale up the use of advanced manufacturing over the next decade. This is evident, for instance, from the Biden administration’s AM Forward output targets, which largely concern SMEs.

Thus, SMEs are an ideal market for metal AM equipment financing, and Velo3D could see some real benefits from this partnership, likely in the form of repeat business in the near term. From a longer term perspective, though, the company could certainly leverage its partnership with FITTLE to grow its customer base, as well, since equipment financing will lower the barrier to entry for shops with comparatively fewer resources to allocate.

Finally, concerning FITTLE, the most interesting angle to follow will be whether or not a synergy emerges, between the various areas of its AM customer base. It’s unlikely that Xerox got into AM for nothing. ElemX could’ve always been more about setting up Xerox’s presence in the AM sector than it was about launching an actual product line.



Share this Article


Recent News

3D Printing News Briefs, July 12, 2025: Nerve Repair, Glass Nanostructures, adidas, & More

Havaianas Collaborates with Zellerfeld to Launch 3D Printed Flip-Flops



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

The Dental Additive Manufacturing Market Could Nearly Double by 2033, According to AM Research

According to an AM Research report from 2024, the medical device industry, specifically in dentistry, prosthetics, and audiology, is expected to see significant growth as these segments continue to benefit from...

Featured

Heating Up: 3D Systems’ Scott Green Discusses 3D Printing’s Potential in the Data Center Industry

The relentless rise of NVIDIA, the steadily increasing pledges of major private and public investments in national infrastructure projects around the world, and the general cultural obsession with AI have...

AM Research Webinar Explores Continuum’s Sustainable Metal Additive Manufacturing Powders

Metal additive manufacturing (AM) powder supplier Continuum Powders is working to develop solutions that empower industries to reduce waste and optimize their resources. An independent life cycle assessment (LCA) of...

3D Printed Footwear Startup Koobz Lands $7.2M in Seed Round

California-based Koobz is focused on reshoring the U.S. footwear supply chain with advanced manufacturing processes, including 3D printing. The startup just announced that it has added $6 million to its...