Startup Natural Fiber Welding raises USD15 million

New Products

Investor BMW i Ventures views NFW’s material technology as key to further advance the decarbonization of the automotive industry

Illinois-based materials company Natural Fibre Welding (NFW) has raised USD 15 million in new funding, the company said in a press release on 13 July. The funding round was led by The Community Development Venture Capital Alliance (CDVCA), with participation by BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, and Evolution VC Partners.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload