Auckland-based Revolution Fibres raises key capital to facilitate global growth.
Earlier this month, Revolution Fibres acquired total funding of $6m. Half of the investments came from Movac, one of New Zealand’s most experienced technology investors and the rest came from overseas and local investors, including Sir Stephen Tindall’s K1W1 investment vehicle.
The funding will be used to accelerate commercial growth in key offshore markets, as well as scaling production to meet rapidly increasing demand.
Revolution Fibres employs world-leading nanofibre manufacturing technology. Its proprietary electrospinning fibre production method allows for a higher surface-area-to-volume ratio, a wide range of material combinations, better cost efficiencies, and diverse commercial applications.
While the company has a proud history of science and engineering, it has also experienced the significant commercial success of late with strong sales of their nanofibre-based products, including air filtration, sound absorption, and skincare cosmetic platforms.
With the advent of the pandemic, Revolution Fibres CEO Ray Connor says “Filtration for respiratory protection from pollution and viruses is what Revolution Fibres made its name on a decade ago. We have the expertise and we are increasing our capacity to fulfill large scale orders of high-grade filter media for surgical and N-95 face masks which are increasingly in demand.”
Revolution Fibres is excited by the opportunity the investment brings and will now look to leverage its innovative culture and know-how to become a genuine market leader in nanofibres.