EPoS raises CHF 1 million to advance its electro-sinter-forging technology
Summary
EPoS, an Italian start-up specialising in developing new electro-sinter-forging technologies, has raised a CHF 1 million late seed funding round led by Nivalis Group, an investment company based in Villaz-Saint-Pierre, Switzerland.EPoS designs, develops and implements a unique electro-sinter-forging technology to produce parts used in various industries. Commonly referred to as eForging, the companys technology enables the production of new materials, said to be, until now, impossible to manufacture, and to produce parts with excellent precision, density and strength. Additionally, processing time and energy consumption is said to be greatly reduced.EPoS is truly one-of-a-kind, stated Nicolas Corsi, Nivalis Group CEO. We are confident that this leaner, cleaner process will be the go-to technology for key industry players in the foreseeable future.The investment from Nivalis Group marks the start of a new development phase for EPoS, which will accelerate R&D, grow its team, and prepare for industrialisation and market implementation. The injection of new capital allows us to reinforce the company with competent, fast pacing and dedicated people, and to prioritise on industries for which eForging is the perfect solution: watchmaking, permanent magnets and diamond abrasive tools.