Three months after its foundation, Additive Drives GmbH, developer and manufacturer of additively manufactured electric motor components, concludes a seven-digit seed investment with the Munich-based investor AM Ventures Holding GmbH. The financing round is intended to further advance the market launch.
In addition to scaling the business in the area of prototyping, high-performance series applications are also to be enabled. By means of 3D printing, Additive Drives takes electric machines to unexpected levels of performance and efficiency.
Electric Drives as a Growth Market
Commenting about the investment in Additive Drives, Arno Held, Chief Venture Officer at AM Ventures, said, “Additive manufacturing is becoming more mature and is increasingly opening up applications that are revolutionizing entire industries. Additive Drives is a perfect example of this. With dramatically accelerated development times and massive improvements in weight, volume and performance, this product will contribute to electrifying not only motorsports, Aviation and micro-mobility.”
Dr. Jakob Jung, CEO and Co-Founder of Additive Drives GmbH adds: “Since our foundation in July 2020 we have successfully entered the automotive market. Our vision is to halve the development time for electric motors and to expand our technological leadership in additive-manufactured electric motors”.
45% more Performance due to Additive Manufacturing
The additive manufacturing of electric motor components, especially the winding, creates flexibility in the development, since various designs can be validated easily and quickly without the need for tools. On the other hand, application-optimized geometries can be realized for series applications, which are not feasible with conventional manufacturing. Performance increases of up to 45% can be realized. “AM Ventures’ financial support, as well as its expert knowledge and network, allow us to grow faster and more sustainable”, says Dr. Jung
Support from Industry & Science
The company is supported by the TU Bergakademie Freiberg, Saxeed and other universities and established commercial enterprises. At the chair for additive manufacturing at the TU Bergakademie Freiberg, the team is conducting an Exist research transfer project, which, in addition to the investment, enables further development of the technology and scaling.
The leading venture capital firm in additive manufacturing has an extensive portfolio of more than a dozen successful companies in 7 countries on 3 continents. AM Ventures possesses in-depth technology know-how and is well connected with the most experienced industry experts in the 3D printing industry.
As an investment partner, the company provides a globally leading ecosystem of sustainable investments in hardware, software, materials and application start-ups. AM Ventures offers customized investments and provides startups with unique access to advanced production technologies. They also introduce entrepreneurs to a pool of industry experts, each one with decades of experience in engineering, production, or executive management.