PlasmaBound develops Controlled Polymer Ablation (CPA), a bonding technology for lightweight composite materials that enables high-speed, low-cost bonding of ultra-lightweight materials. The company aims to make lightweight materials affordable for low- to mid-range vehicles to reduce CO2 emissions and extend EV range for mass-market applications. It is a University College Dublin (UCD) spin-out headquartered at NovaUCD and was co-founded in 2017 by Dr James Nicholas Barry, Alan Barry and Xavier Montibert. PlasmaBound intends to use the funding to accelerate growth, expand operations and broaden its business reach. The company was also selected as one of five start-ups to win access to the Hyundai Motor Company and KIA Corporation sponsored 2022 Accelerate the Future Challenge. PlasmaBound develops Controlled Polymer Ablation (CPA) technology for high-speed bonding of ultra-lightweight fibre-reinforced materials. The process is positioned to take on a role similar to welding in metals, aiming to reduce operational cycle times, decrease manufacturing waste streams and extend shelf-life. The technology is deployed via a SaaS model with term-based licensing. The company intends to use the newly raised €2.35M to expand operations and accelerate development efforts. PlasmaBound is a University College Dublin spin-out co-founded in 2017 by Dr James Nicholas Barry, Alan Barry and Xavier Montibert and is based in Dublin, Ireland. The funding is intended to accelerate adoption of sustainable lightweight materials across vehicles, devices and structures globally without added complexity, cost or waste. PlasmaBound has developed a patented technology called controlled polymer ablation (CPA) that enables manufacturers to reduce product weight and meet fuel efficiency and carbon emissions requirements. The technology targets automotive, aerospace/space and wind turbine industries and is designed to achieve lightweighting goals with fully automated workstreams. The company was co-founded in 2017 as a spin-out from University College Dublin’s College of Engineering and Architecture and is headquartered at NovaUCD. PlasmaBound completed Enterprise Ireland Commercialisation Funding and is designated an Enterprise Ireland High-Potential Start-Up. It closed a €1.1m funding round in June 2020, indicating early-stage external financing activity.

Total raised

$7M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2023