OROS Labs®, creators of Solarcore® insulation, secures $22 million in Series B funding led by Airbus Ventures
Summary
"This investment opens doors for us to pursue strategic partnerships, bolster our manufacturing capabilities, scale our product offerings, and advance our research and development efforts to continue introducing groundbreaking materials to the market. ""The confidence of our new investors, dedicated to strengthening our networks within the aerospace, defense and heavy industry verticals broadly, will help equip us with the expertise necessary to revolutionize the once stagnant thermal insulation category," added Rithvik Venna, co-founder and COO at OROS Labs. Examples of those partnerships include: In collaboration with the U.S. Department of Defense, Solarcore is set to transform the Armys cold weather tactical shelters, offering enhanced heat retention, reduced weight, and improved efficiencies in transportation and setup. With the Defense Department investing billions annually in heating and cooling tactical shelters, the adoption of Solarcore presents significant cost-saving opportunities, operational and carbon footprint benefits. Less Bulk promise.Additionally, OROS Labs has recruited an incredible team of advisors and leadership, including Jim Ryan, former CEO and Chairman of WW Grainger; Mike Brown, former CEO of the Defense Innovative Unit; Happ Klopp, founder of The North Face; Hank Crumpton, CEO of Crumpton Global LLC and former head of the CIAs National Resource Division; Rodney Faraon, Partner and Chief Creative Officer at Crumpton Global LLC; and Jeff Jordan, general partner at Andressen Horowitz.Solarcore has built an impressive leadership team, with deep experience in materials, innovation, business development and marketing from industry leading companies, including Teledyne Flir, The North Face, Icebreaker, Columbia Sportswear, Adidas and more.For more information, please visit: oroslabs.com.