Italian startup BeDimensional has received a substantial €20 million from the European Investment Bank (EIB).
This funding will drastically expand its annual graphene production capacity.
Expansion of Graphene Production Capabilities
BeDimensional has ambitious plans to significantly ramp up its production capabilities in the coming years. With the €20 million financing from the European Investment Bank (EIB), the company aims to increase its output to over 30 tonnes annually by 2028. This is a substantial leap from its current capacity of just over three tonnes per year.
Foundation and Expertise in Two-Dimensional Materials
Established in 2016, BeDimensional emerged as a spin-off from the Italian Institute of Technology’s Graphene Labs. Founders Vittorio Pellegrini, Francesco Bonaccorso, and Andrea Gamucci brought over 15 years of expertise in two-dimensional materials, focusing on few-layer graphene and other ultra-thin crystals, to the venture. Their pioneering work is applied in fields ranging from energy storage to multifunctional composites.
The company has patented its manufacturing process, setting it apart with its ability to produce a diverse array of 2D materials. These materials are integral in several industries, enhancing the performance and durability of products in sectors such as smart textiles, energy conversion and storage, and advanced coatings.
Innovative Product Offerings
BeDimensional specialises in the production of ISO-compliant Few-Layer Graphene (FLG) and Few-Layer Hexagonal Boron Nitride (FLhBN).
The company’s flagship product, G-Leaf, is a form of FLG used in collaboration with battery manufacturer VARTA for high-performance Li-Ion batteries. Meanwhile, FLhBN, branded as B-Leaf, is gaining traction in the luxury and wearables markets due to its superior qualities.
These advanced materials are designed for easy integration into existing products, significantly enhancing their robustness and efficiency. BeDimensional’s innovations are driving advancements in the green transition by providing alternatives to critical raw materials while fostering growth in the advanced manufacturing sector.
Strategic Financial Backing and Investments
In addition to the €20 million from the EIB, BeDimensional secured a further €5 million from its existing shareholders. This includes contributions from the venture capital arm of Eni and Italy’s state-backed CDP. The total funding will propel the company’s growth strategies and solidify its position in the evolving market of two-dimensional materials.
These strategic investments highlight the confidence of major financial institutions and stakeholders in BeDimensional’s vision and technological advancements. Such backing is crucial as the startup navigates the competitive landscape of the advanced materials sector, aiming to set new benchmarks in production and application.
Deep Tech’s Role in Future Industry
Deep tech startups like BeDimensional are at the forefront of transforming traditional industries with breakthrough innovation.
By advancing the use of graphene and similar materials, BeDimensional is contributing to the future of energy, electronics, and manufacturing.
The firm’s technologies are pivotal in reducing reliance on scarce resources while offering environmentally friendly solutions that align with global sustainability goals.
Plans for a Second Production Facility
BeDimensional is planning a new production plant to meet the anticipated increase in demand for its products.
This new facility will be pivotal in achieving the company’s ambitious production targets and in supporting its long-term growth and sustainability strategies.
BeDimensional’s funding exemplifies a commitment to innovation in material science.
The investment will not only scale operations but also enhance the company’s contribution to sustainable development.
