Nordic Alpha Partners has acquired a 'significant minority stake' in Additive Drives, a German manufacturer of high-performance 3D printed electric motor technology.
A mid-double-digit million euro figure has been invested by Nordic Alpha Partners, while existing investor AM Ventures has also committed new capital.
Additive Drives uses additive manufacturing to deliver what it describes as the 'highest available thrust-to-weight ratio' and 'inductive engines free from any rare-earth materials.' With the additional investment, the company believes it can now accelerate its mission of significantly reducing global energy consumption and ensuring new types of electrification.
Currently, Additive Drives counts Amazon, Airbus, Audi, Schaeffler and BMW among its customer base. These customers are said to benefit from Additive Drives' ability to deliver e-motors with up to 98% energy efficiency. By also lowering overall energy loss by 70%, the performance of Additive Drives e-motors are said to exceed the most advanced IE5 benchmark defined by the International Electrotechnical Commission and deliver performance closer to IE7 performance.
Additive Drives says this allows customers to benefit from 'tremendous gains in energy efficiency, lower total cost of ownership, and improved sustainability performance' in high-demand applications. The company also notes less heat dissipation and less need for large cooling infrastructure as other key benefits of its technology.
“We wanted to work with Nordic Alpha Partners because they have a unique toolkit for industrial scaling and navigating industrial transformations”, said Philipp Arnold , Chief Financial Officer at Additive Drives. “We have been cash-positive from early on, and we were looking for an operational partner that could really enable us to tap into hypergrowth and expand globally even faster”
“Additive Drives is a great example of the fact that Europe is still leading the game when it comes to highly advanced industrial technologies. They are already accelerating global electrification, and I’m sure we will see entirely new product categories emerge as a result,” added Laurits Bach Sørensen, Co-Founder and Senior Partner at Nordic Alpha Partners.
"Additive Drives is a prime example of the innovative power of the German Mittelstand," offered Arno Held, Managing Partner at AM Ventures. "We are proud to have supported the team from day one, building a technology leader in e-mobility. By introducing our trusted co-investor Nordic Alpha Partners, we are helping accelerate the next growth phase on the path to creating a European champion for a more sustainable future."
