Carbon manufacturer Blackwave has successfully completed another round of financing, raising a total of €7.35 million for the Munich-based startup. Investors include Alpine Space Ventures as well as Ann-Kristin and Paul Achleitner.
December 9, 2022
Blackwave develops and produces highly complex carbon components that cannot be manufactured with traditional production methods. These components are characterized by their low weight and high stability.
New investors include Ann-Kristin Achleitner, professor at the Technical University of Munich and member of the supervisory board of UnternehmerTUM as well as an investor in Isar Aerospace, and her husband Paul Achleitner, who serves as chairman of the supervisory board of Deutsche Bank. Alpine Space Ventures is also involved in the round. As part of the investment, Founding Partner Bulent Altan will now also join Blackwave's advisory board.
With this investment round, the company is targeting an increase of sales to NewSpace customers. The concentration of NewSpace capital at Blackwave is no coincidence. Carbon components are significantly lighter compared to other materials. And since light weight is critical in space, Blackwave's products are becoming of increased importance for the industry. By the end of this year, 70 percent of the company's customers should come from the aerospace industry. Blackwave's customers already include well-known corporations in the field such as Airbus, US-based Pratt & Whitney, and the ESA. But Munich-based startups such as Isar Aerospace, Vectoflow, and Fazua also rely on the technology.
The money raised will be used by Blackwave to invest in the development of standardized products. As the startup has previously manufactured individually for its customers, it aims to achieve lower prices in this way. To this end, the company moved into its new headquarters in Taufkirchen with a total area of 2,300 square meters.