HomeTechNATO backs UK startup making ultralight materials for rockets, fighter jets

NATO backs UK startup making ultralight materials for rockets, fighter jets

Date:

Related stories

All bets off on trust for Tories as gambling scandal engulfs campaign

The Conservatives are facing electoral meltdown after the scandal...

The world’s best pastry shops have been revealed — full list of UK winners

When it comes to the world’s best pastry, obviously...

UK E. coli outbreak put at least 86 people in hospital

25 minutes agoBy Michelle Roberts, Digital health editor, BBC NewsGetty ImagesAt...

UK parties ignoring food shortage risks, say farming and retail bodies

Farmers and supermarkets have accused the main political parties...
spot_imgspot_img

NATO’s Innovation Fund has co-led a $22.5mn (€21mn) investment into iCOMAT, a UK startup building ultralight composites for the aerospace, automotive, and defence sectors.

NATO’s fund has a budget of €1bn to back startups developing deep tech for defence and security applications. This marks its first public investment since it launched last year.       

Founded in 2019 by Greek scientist Evangelos Zympeloudis, iCOMAT has developed a fully automated manufacturing process that turns carbon fibre into lightweight composite materials. 

Unlike conventional methods — which produce components by stacking multiple straight fibre layers — the company’s “world-first” technology enables fibre steering. This is the ability to steer the fibres to optimise the properties of a structure at any point.

The <3 of EU tech

The latest rumblings from the EU tech scene, a story from our wise ol’ founder Boris, and some questionable AI art. It’s free, every week, in your inbox. Sign up now!

The science is complicated, but the most important thing to understand is that the composite is up to 65% lighter than equivalent materials in use today. 

For high-performance applications, the benefits are obvious. Lighter materials make for a faster vehicle that uses less fuel. 

iCOMAT has already built components for fighter jet panels, space launchers, and Formula 1 cars, it said. 

“iCOMAT is solving some of the most critical problems in materials, and the breakthroughs they’re making today will play a decisive role in the future of both combat and mobility,” said Alex Moore, partner 8VC, a Texas-headquartered venture capital firm that co-led the investment alongside NATO.

iCOMAT is currently building a 4200-square-metre production facility in Gloucester, UK, to scale up its patented process. The factory should be online by the end of this year. 

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img