The round was led by Silicon Valley’s At One Ventures, with capital injected by existing investors and by Germany’s AM Ventures.
The funding will enable Evove to expand manufacturing capacity and scale up its 3D printed membrane process. The company will focus on key products and its customer base in lithium extraction, food & beverage, desalination, ultrapure water and water reuse.
Chris Wyres, CEO of Evove, said: “This funding will enable us to increase manufacturing capacity and expand our service and support network, enabling us to help end-users solve some of the world’s biggest water and energy challenges.”
“To fully transition to a net zero economy, we need to increase lithium supply and enable green hydrogen production,” said Helen Lin, partner at At One Ventures. “We believe in Evove’s ability to transform these sectors due to the strength of not just its technology but the team.”
Johann Oberhofer, managing partner at AM Ventures, said: “We are convinced that Evove is a prime example of how additive manufacturing can transform our world and significantly reduce CO2 emissions in many areas. We back trailblazing entrepreneurs in 3D printing and Evove are at the forefront of precision engineered filtration membranes that will significantly disrupt the status quo in their markets.”
Evove’s portfolio of technologies reduce the cost and environmental impact of the filtration and separation of fluids in a variety of sectors. The company’s Enhance technologies harness graphene oxide based coatings and a variety of 3D-printed enhancements to boost the performance of conventional membranes. Separonics are Evove’s precision-engineered membranes, providing productivity gains in selectivity and flux, operational efficiency, energy consumption and equipment lifetime.
