News and Insights of 3D Printing and Manufacturing
LM Industries, the parent company of Local Motors – the first company to develop largely 3D printed EVs – raised $15 million from Mirai Creation Fund II (managed by SPARX Group Co., Ltd, the Japanese asset management firm). This financing will help Local Motors deliver Olli to customers and consumers who are seeking ways to redefine local mobility.
Three months after its foundation, Additive Drives GmbH, developers of additively manufactured electric motor components, obtained a seven-digit (€1.5 million) seed investment from the Munich-based investor AM Ventures Holding GmbH. The financing round is intended to further advance the market launch. In addition to scaling the business in the area of prototyping, high-performance series applications are also to be enabled. By means of 3D printing, Additive Drives takes electric machines to unexpected levels of performance and efficiency.