Arevo Unveils High-Speed Aqua 2 System, Closes $25m Series B Financing Round

2 Mins read
3D Printer Head

Above: The Aqua 2 Printer Head/Image Credit: AREVO

AREVO, a Silicon Valley-based company known for transforming composites production through digitalization and automation announced the introduction of its newest system, Aqua 2, which is the world’s first high-speed additive manufacturing system for large continuous carbon fiber composite structures. In addition to higher quality, the Aqua 2 is able to print 4x faster than its predecessor. This enables the rapid, on-demand production of large (up to one cubic meter) custom composite parts.

The company also announced that it has closed its Series B financing round, led by Defy Partners and GGV Capital with participation from Khosla Ventures, Alabaster, and others. This will bring their total funding to $60m. Defy appointed Brian Shin, an accomplished serial entrepreneur, investor, and Defy Scout, to join Arevo’s Board which includes Hemant Bheda (Co-Founder), Sonny Vu (CEO), and Bruce Armstrong (Khosla).

Thrilled to be working with the company and by its impactful technology, Trae Vassallo, Founding Partner at Defy said, “Arevo’s new platform enables fabrication of high strength, low weight carbon fiber parts, currently not possible with today’s standard techniques. We are thrilled to be working with the team to help scale up this incredibly impactful technology.”

[penci_related_posts taxonomies=”undefined” title=”Also Read” background=”” border=”Blue” thumbright=”yes” number=”4″ style=”grid” align=”none” displayby=”cat” orderby=”random”]

“Arevo is a compelling opportunity for us as it combines our three main investment foci: consumer internet, enterprise, and smart tech. We see fantastic potential in this market and have backed Sonny before at Misfit. Arevo is led by an experienced team with solid technological foundation and 3D printing manufacturing know-how at scale – to offer breakthrough products at competitive prices,” said Hans Tung, a Managing Partner at GGVC. 

“We are excited to have Defy and GGVC on board to bring not only capital but a vast amount of strategic experience. The strong interests in the company despite tough market conditions really reaffirm our vision,” said Hemant Bheda, Arevo’s Co-founder and Chairman.

3D printed bike

Above: The Superstrata Terra/Image Credit: Superstrata

These announcements come on the heels of Arevo’s crowdfunding campaign to make their first direct-to-consumer products, the recently launched Superstrata bicycle and e-bicycle, which is also the world’s first true unibody custom 3D printed carbon fiber bikes.

The campaign hit its goal of $100k in under 3 minutes after launch and is now on track to surpass $5m from over 3000 backers.

“We are looking for additional mechanical engineering and process/materials science talent, especially people who are skilled with composites,” continued Bheda.

About Manufactur3D Magazine: Manufactur3D is an online magazine on 3D Printing. Visit our Global News page for more updates on Global 3D Printing News. To stay up-to-date about the latest happenings in the 3D printing world, like us on Facebook or follow us on LinkedIn.

1895 posts

About author
Manufactur3D is an Indian Online 3D Printing Media Platform that reports on the latest news, insights and analysis from the Indian and the Global 3D Printing Industry.
Related posts

Ricoh 3D Introduces Carbon Fibre Composites for Impossible Objects’ CBAM Process

2 Mins read
Impossible Objects, a 3D printer and materials company, and Ricoh 3D, the additive manufacturing subsidiary of leading technology and digital services company Ricoh, have entered into a new partnership to make Carbon Fibre composite materials for printing on Composite Based Additive Manufacturing (CBAM) process.

Markforged Platform helps Siemens Energy Improve their Service Efficiency

4 Mins read
Siemens Energy, the global energy business of the Siemens group, recently took the help of Markforged additive manufacturing platform to improve its service and maintenance efficiency for intense repairs of its turbines and reduce downtime. We check out how Markforged solved a critical challenge for Siemens Energy.

Roboze Introduces a New 3D Printing Service for Service Most Demanding Sectors

2 Mins read
Roboze, the Italian 3D printer manufacturer, introduced a new additive manufacturing service – Roboze 3D Parts, catering to applications in some of the most demanding sectors like aerospace, motorsport, oil & gas, industrial manufacturing, etc.