6K is to triple the production capacity of its metallic 3D printing powders after closing a $ 51 million Series C financing round.
The company will also seek to expand its portfolio of powdered products and commercial sales activities around the world while strengthening its Additive 6K efforts. Volta Energy Technologies led the funding round, with contributions also from Catalus Capital, S Cap / Prithvi Ventures, Anzu Partners, Launch Capital, Material Impact and RKS Ventures. 6K will also use the funds raised to complement its center of excellence in battery development, adding 33,000 square feet of product development space and doubling the 6K Energy team.
With its UniMelt plasma production system, 6K is bidding to develop, market and produce more durable metallic materials at high volumes. Through its 6K Additive division, the company offers materials in titanium, Inconel and stainless steel, as well as refractory metals like tungsten and molybdenum which were launched earlier this month. While exploiting part of the 51 million dollars raised during its last fundraising, 6K Additive will expand its additive powder production activities with an additional 600 tonnes / year, while setting up sales and distribution. in Europe and Asia.
“This fundraiser is a validation of 6K’s model to replace unnecessary legacy production technologies with the UniMelt platform, enter large-scale production, meet customer needs, move towards profitability and transform industries.” , commented 6K CEO Aaron Bent. “We are joined by world-class investors who are aligned with our vision to transform the way performance materials are produced. And in doing so, we are teaming up to meet the critical needs of the United States and the planet, addressing climate change, supply chain security, and reducing demand on our fragile and finite resources. “
6K will also allocate funds to identify and develop performance and electronic materials as part of its 6K Future Materials efforts, while injecting $ 25 million into its Battery Development Center of Excellence to ensure the facility is ‘fully capable of pilot production with UniMelt capacity equivalent to 400 MWh.’ Volta’s chief investment officer, Zander Arkin, will join 6K’s board of directors.
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