The new round of funding will largely be used to improve reactors for higher volume and lower cost production.
The new round of funding will largely be used to improve reactors for higher volume and lower cost production.

Canadian PM producer Equispheres has reportedly raised a new round of funding totaling CAN$30 million from a range of companies including materials investment company HG Ventures.

‘We are extremely excited to have HG Ventures as a partner,’ says Kevin Nicholds, President and CEO of Equispheres. ‘Their extraordinary combination of research capability and venture capital experience made them an ideal partner to understand both the technical and market potential of our product across the transportation industry.’

According to the company, the new round of funding will largely be used to improve reactors for higher volume and lower cost production and accelerate research and development projects with partners in the automotive, aviation, space and defense industries.

This story uses material from Equispheres, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.