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Hypetex develops and manufactures colored advanced materials, primarily carbon fiber and flax-based composites, from its headquarters in London, England. The company focuses on sustainable colourization technology using water-based resin systems and low-energy curing processes, eliminating the need for paint on finished products for industries such as automotive and marine. Hypetex has secured $3.28 million in total funding, including a £1.25 million equity seed round led by 24Haymarket, contributing to an estimated annual revenue of $4.6 million and a valuation of $14.8 million. The company, which operates with 1-10 employees, has supplied its materials to manufacturers like Briggs Automotive Co. for the BAC Mono R supercar, achieving significant weight savings. Leadership includes CEO Marc Cohen and Chairman Neil MacDougall. Hypetex was founded in 2014 by Edward Ashley-Carter, emerging from technology developed by Formula 1 engineers.
Hypetex has raised $1.0M across 1 funding round.
Hypetex has raised $1.0M in total across 1 funding round.
Hypetex, rebranded as Hypetex Coloured Advanced Materials (CAM), develops and produces colored advanced composites, specializing in sustainable coloring technology for carbon fiber and flax-based materials that retain high-performance characteristics while enhancing aesthetics and processing.[2][1] The company serves automotive, marine, and sports sectors by solving the need for paint-free finishes, reducing weight, emissions, energy use, and costs through patented technologies originally developed by F1 engineers.[3][4] With $3.28M raised since 2014, Hypetex demonstrates growth via collaborations like the Ford Mustang, BAC Mono R supercar, and Imoca 60 Race Yacht, plus a 2024 grant for expansion.[1][2][5]
Founded in 2014 in London, England, Hypetex emerged from Formula 1 engineering expertise, creating a patented portfolio of technologies to color advanced materials without compromising mechanical performance.[1][3][4] The idea stemmed from addressing post-processing painting's drawbacks in composites, evolving into sustainable solutions like FlaxTex™ for natural fibers and colored carbon fiber in partnership with fiber suppliers and weavers.[2][3] Early traction built through high-profile applications in racing yachts and supercars, positioning Hypetex as a composites innovator; by 2023-2024, it secured grants, rebranded to CAM, and expanded into marine and sustainable automotive uses.[1][2][5]
Hypetex rides the lightweight materials revolution in composites, driven by demands for sustainability in automotive (e.g., EV weight reduction), marine (durability with lower maintenance), and sports industries amid global pushes for green tech.[2][5] Timing aligns with rising ESG pressures and regulations reducing paint use, favoring Hypetex's paint-free tech that slashes ecological impacts and supports biomaterial adoption like flax.[3] It influences the ecosystem by partnering with suppliers, enabling brands to achieve aesthetic composites efficiently, and accelerating industry shifts toward recyclable, low-emission manufacturing.[1][3]
Hypetex is poised for expansion with its 2024 grant funding sustainable initiatives, growing FlaxTex™ and custom projects amid booming demand for lightweight, eco-friendly composites in EVs and renewables.[2][5] Trends like circular economies and advanced manufacturing will propel it, potentially deepening marine and automotive penetration while influencing standards for paint-free finishes. As a composites leader born from F1 innovation, Hypetex will likely amplify the lightweight revolution, delivering stunning, high-performance materials that redefine sustainable design.[3][4]
Hypetex has raised $1.0M in total across 1 funding round.
Hypetex's investors include 24Haymarket.
Hypetex has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $1M Seed | — | 24Haymarket | Announced |
