Material Hybrid Manufacturing Raises $7.1M for New Energy Storage Technology
Material Hybrid Manufacturing Inc. secured $7.1 million in Seed funding, co-led by Outlander VC and Harpoon Ventures, to enhance its HYBRID3D™ energy storage technology, which allows for the printing of energy into uniquely shaped components. The company is collaborating with the U.S. Air Force on a $1.25 million project to develop conformal batteries for unmanned aerial systems, aiming to boost energy density by over 50% while reducing weight by 22%. Additionally, Material is exploring partnerships across various sectors, including consumer electronics and robotics, to broaden the technology's commercial applications.
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Material Hybrid Manufacturing Inc. raised $7.1 million in Seed funding, co-led by Outlander VC and Harpoon Ventures, to advance its HYBRID3D™ technology for energy storage. The technology prints energy into components of any shape, addressing limitations of traditional battery designs.
MATERIAL is collaborating with the U.S. Air Force on a $1.25 million Phase II Small Business Innovation Research project to integrate conformal batteries into unmanned aerial systems, aiming to increase energy densities by over 50% and reduce weight by 22%. Partnerships are also underway in consumer electronics, mobility, robotics, and wearables, indicating broad commercial applications.
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