IMMATERIAL

Country
United Kingdom
First investment date
Status
Active
Finindus lead
Investment domains
Co-investors
SLB
Moeve
Chevron
Jera
AP Ventures
ERV
Trirec
Ultratech
Immaterial
Gallery

Immaterial develops and commercializes dense metal-organic frameworks (m-MOFs) used mainly in point source carbon capturing as well as hydrogen storage. They have developed highly innovative design algorithms coupled with physical synthesis capabilities enabling a unique ‘digital to wet lab’ or ‘wet AI’ approach. The patented technology reduces both CAPEX and OPEX of carbon capturing, aiming to bring total cost down substantially, and offers additional opportunities in hydrogen storage, air dewatering and energy reduction in HVAC.

As nobel prize winning materials, MOFs were a solution looking for a problem for a long time. Now Immaterial has developed a compelling value proposition in the field of carbon capturing as well as hydrogen storage. The unique material design and manufacturing capabilities are a true game changer. The company managed to engage with a large number of industrial frontrunners and has built an impressive network and team to roll out their technology.

What do our companies say ?

  • Der Aufbau eines Spin-Off Unternehmens und das Upscaling aufgebauter Technologien ist nicht völlig risikofrei. Hier hat sich Finindus nicht nur als Investor sonder auch als verlässlicher Partner herausgestellt, mit dem auch mal Engpässe überwunden werden können. Kann das eingeschlagene Konzept bestätigt werden, so ist die langfristige Investionsausrichtung van Finindus eine verlässige Wachtstumsgrundlage.

    Dr. Dirk Bohmann, founder of Borit GmbH

  • When Expanite was looking for new investors in 2014, a clear objective was to find international partners who could bring more to the company than simply financial support. After having Finindus on board for two years, we can confirm that we found exactly what we were looking for. The combination of skills, international outlook and experience - as well as insight into our industry - brings true value to our company.

    Thomas Abel Sandholdt, CEO of Expanite, DK

  • From the start, we were impressed by Finindus's knowledge of the industry and the opportunity for collaboration. Within a few months of closing the investment, we are already pursuing several potential projects together with ArcelorMittal and OCAS. The Finindus team has been great to work with, and the deep knowledge of and connections within the steel industry have been extremely valuable in accelerating our company's development. 

    Eric Smith, CEO Keystone Tower Systems

  • Finindus has been an ideal shareholder for us, investing with a long-term horizon and showing commitment in everything they do. Over the past 10 years, and by participating actively in our board, the hav contributed with very valuable strategic as well as more industry-specific knowledge and have shown a tremendous engagement in he development of the company. 

    Per Wassen, President ad CEO of PowerCell Sweden AB