SCALE Advanced Biocomposites is a startup based in France that aims to revolutionize the world of advanced composites by decarbonizing the industry. The company's slogan, "Decarbonizing advanced composites", encapsulates its mission to create new, bio-based materials that improve performance, reduce costs, and significantly cut emissions to decarbonize the built world. The use of carbon fiber in various industries to reduce emissions during product use is well-established. However, the production process of carbon fiber, which relies heavily on petroleum and is energy-intensive, presents significant drawbacks in terms of cost and emissions. SCALE addresses these challenges by developing advanced biocomposite materials that offer the benefits of carbon fiber without the associated drawbacks. Since its establishment in 2020, SCALE Advanced Biocomposites has garnered attention for its innovative approach to addressing sustainability concerns in the composites industry. The company recently received Non-Equity Assistance investment from MassChallenge Switzerland on 24 May 2024, further highlighting investor confidence in its potential to disrupt the market and drive positive environmental impact.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Non Equity Assistance | Unknown | 1 | MassChallenge Switzerland | 24 May 2024 |
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