Graphenest, a leading technology provider of innovative electromagnetic interference (EMI) shielding solutions for the electronics and automotive industries, today announced that it has raised €1.8 million to increase cleantech graphene production and develop its commercial business.
The funding was led by @Ged Ventures and @Portugal Ventures who recognized the disruptive potential of Graphenest’s graphene-based EMI shielding solution.
“We are very pleased to receive support from our investors as we continue to grow and scale our business,” said Vitor Abrantes, CEO of Graphenest. “This funding will allow us to expand our manufacturing capabilities and offer our customers more innovative solutions for their EMI shielding needs.”
Graphene’s graphene-based EMI shielding solutions offer several advantages over traditional metal systems, including superior shielding effectiveness, extremely light weight, and reduced manufacturing costs. This solution is ideal for a wide range of 5G/6G applications, from wires & cables and batteries & electronics housing to printable electronics for Radar & LiDAR, among other critical components.
“We are excited to support Graphenest as they continue to innovate in the EMI protective space,” said one of the main investors. “Their use of graphene represents a significant breakthrough in this field, and we believe they have a great future.”
With this funding, Graphenest plans to expand its production capabilities and accelerate growth towards a circular economy, by expanding its product portfolio and strategic partnerships with industry value chains. It is committed to delivering high performance protective products that enable customers to replace dense, rigid and energy & resource intensive metals with graphene based solutions.