iCOMAT is a technology company.
iCOMAT is a spin-out company from the University of Bristol, which provides beyond state-of-the-art lightweighting solutions based on the Rapid Tow Shearing (RTS) process.
iCOMAT has raised $23.0M across 1 funding round.
iCOMAT has raised $23.0M in total across 1 funding round.
iCOMAT is a University of Bristol spin-out technology company specializing in advanced composite manufacturing, pioneering the patented Rapid Tow Shearing (RTS) technology—the first defect-free process for steering composite fibers. This enables the production of the world's lightest structures for aerospace, automotive, and space sectors, serving OEMs with end-to-end solutions from concept design and optimization to prototyping and full-scale production[1][2][5]. The company solves critical challenges in lightweighting by delivering components that are lighter, stronger, more sustainable, and cost-competitive with metals, targeting urban air mobility, civil/defense aircraft, motorsport, Formula 1, rockets, satellites, and mass-market vehicles[1][3][4]. With €20.13 million in total funding (including a $22.5 million Series A led by 8VC and NATO Innovation Fund in June 2024), iCOMAT has grown to 22 employees, secured major OEM contracts, and achieved recognitions like Bloomberg News UK 2024 Start-Up to Watch and WIRED Trailblazer[3][4][5][6].
iCOMAT originated in 2017 as a University of Bristol spin-out, sparked by postgraduate student Evangelos Zympeloudis who, collaborating with his supervisor, invented and patented the RTS technology (also referenced as Continuous Tow Shearing or CTS) for precise, defect-free carbon fiber manipulation[2][3][5]. Starting modestly with a small UK team and one employee in Greece, the company incorporated in 2019 and rapidly expanded, adding team members like Giorgos as the second in Greece amid growing demand[3][5]. Pivotal early moments included strategic partnerships (e.g., with CG Tech and Solvay for demos like a bonnet prototype), a business pivot to preform/component sales targeting niche OEMs and F1 teams, and demonstration projects validating RTS in real-world automotive applications[4]. This foundation propelled iCOMAT from lab innovation to global contracts with aerospace giants, luxury automotive brands, and F1 teams[3][4].
iCOMAT rides the sustainable mobility megatrend, capitalizing on electrification and automation demands in aerospace (urban air mobility, defense) and automotive (EVs, motorsport) where lightweight composites reduce mass, boost efficiency, and cut emissions—critical as regulations tighten and fuel costs rise[1][3][4]. Timing is ideal post-2024 funding surge, amid global pushes for greener aviation/spacecraft and metal-replacement in vehicles, with RTS enabling scalable, automated production that traditional methods can't match[2][5][6]. By partnering with titans (OEMs, F1 teams, Solvay/CG Tech), iCOMAT influences the ecosystem through innovation awards, new factories (Gloucester for complex tech, USA expansion), and automated solutions that lower barriers for high-performance composites across industries[3][4].
iCOMAT is poised to dominate automated composites with RTS scaling via new USA facilities (H2 2025) and ongoing OEM contracts, targeting mass adoption in EVs, eVTOLs, and space amid rising sustainability mandates[4]. Trends like AI-optimized manufacturing and defense electrification will amplify its edge, potentially expanding to marine/consumer goods while growing its ~22-person team globally[1][5]. As a Bloomberg/WIRED-recognized pioneer, iCOMAT's trajectory from Bristol lab to redefining lightweighting echoes its core mission: enabling lighter, sustainable vehicles that transform aerospace and automotive frontiers[3][4][5].
iCOMAT has raised $23.0M in total across 1 funding round.
iCOMAT's investors include 8VC, Autotech Ventures, Bessemer Venture Partners, DCVC (Data Collective), Floodgate, UpHonest Capital, Y Combinator.
iCOMAT has raised $23.0M across 1 funding round. Most recently, it raised $23.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $23.0M Series A | 8VC, Autotech Ventures, Bessemer Venture Partners, DCVC (Data Collective), Floodgate, UpHonest Capital, Y Combinator |