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CarbonX develops and manufactures inherently non-flammable thermal fabric solutions and protective apparel for high-risk environments from an undisclosed headquarters location. The company produces specialized personal protective equipment designed to withstand direct flame, extreme heat, molten metal splash, and arc flash hazards without melting, dripping, shrinking, charring, or igniting. Maintaining structural strength after severe thermal exposure, these advanced textiles are utilized across multiple demanding commercial sectors, including motorsports, aerospace, defense, law enforcement, and heavy industrial applications. Following a strategic corporate acquisition successfully completed in 2014, the organization now operates as a flagship brand under its parent company, TexTech Industries Inc. The business distributes its proprietary materials through extensive global partnerships with various safety supply distributors and specialized apparel manufacturers. Originally established under the corporate entity Chapman Innovations, CarbonX was founded in 1999 by Mike Chapman.
CarbonX has raised $11.0M across 1 funding round.
CarbonX has raised $11.0M in total across 1 funding round.
CarbonX has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Series U in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $11M Series U | — | Borski Fund | Announced |
CarbonX is a Dutch deep-tech startup founded in 2014 that develops a sustainable, locally produced carbon anode material as a graphite alternative for lithium-ion batteries.[1][2] It serves global battery cell manufacturers, particularly top 10 players, by solving critical supply chain vulnerabilities like dependence on Chinese graphite amid export bans, offering fast-charging, extended battery life, cost parity, and a drastically reduced carbon footprint through energy-efficient emulsion feedstock technology integrated into existing carbon black plants.[1][2] The company recently extended its growth funding to €14 million total (€4 million new), with its material in late-stage qualifications and initial offtake agreements expected mid-2025; it is preparing a high-capacity facility in Rotterdam and a 20,000-ton production line feasibility in Europe and the US.[1][2]
CarbonX emerged as a spin-off from Delft University of Technology in 2014, founded by Rutger van Raalten and Daniela Sordi (CTO).[1][2] Initially, the technology targeted the tire industry, backed by Dutch investor Sequoia BV, before pivoting to battery anodes using a unique emulsion feedstock process to create structured carbon equivalent to graphite.[1] Key early traction came from its lower-energy production method, addressing graphite shortages; pivotal momentum built with recent €4 million funding extension, lab expansions, and qualifications with major manufacturers, positioning it for scalable commercialization.[1][2]
CarbonX rides the global electrification wave, targeting EV and energy storage demand amid graphite supply crunches from China's dominance (90%+ market share) and 2023 export bans.[1] Timing aligns with EU/US pushes for battery sovereignty via acts like the US Inflation Reduction Act and EU Critical Raw Materials Act, favoring localized, low-carbon alternatives.[2] Market tailwinds include surging lithium-ion needs (projected 30x growth by 2030) and sustainability mandates; CarbonX influences the ecosystem by upgrading carbon black factories' margins and enabling resilient chains for Western manufacturers.[1][2]
CarbonX is primed for explosive growth with mid-2025 offtakes, Rotterdam scaling, and US/Europe production studies, potentially capturing share in a $10B+ anode market.[1][2] Trends like AI-driven energy demands, stricter ESG rules, and supply chain onshoring will accelerate adoption; its retrofittable tech could redefine anode manufacturing, evolving from innovator to key supplier and strengthening Western battery independence—echoing its origins in solving raw material bottlenecks for a electrified future.[1][2]
CarbonX has raised $11.0M in total across 1 funding round.
CarbonX's investors include Borski Fund.
