AM 4 AM €1.3 million funding round to expand facilities and boost powder production
October 23, 2024
AM 4 AM, a producer of metal powders for Additive Manufacturing based in Foetz, Luxembourg, has announced the successful completion of a €1.3 million seed funding round. The round was led by Luxembourg Space Sector Development, EIT RawMaterials, and further supported by the Young Innovative Enterprise initiative from the Ministry of Economy of Luxembourg.
AM 4 AM announced that the €1.3 million investment will fund the expansion of its facilities and enhance its production and product development capabilities. The company aims to install a complete powder development platform in its facility by the end of the year to meet the growing demand for high-performance materials.
“With this funding, AM 4 AM is entering a new phase in its development. The future infrastructures we will put in place will allow us to enhance production capacity, broaden our product portfolio, and accelerate our innovation efforts,” stated Maxime Delmée, CEO and founder of AM 4 AM. “The 3D printing market is expanding rapidly, yet there remains a shortage of suitable metal materials. With HiperAL, our high-performance aluminum, we’ve demonstrated a groundbreaking ability to provide metals with the required properties, meeting the demands of this growing sector.”
From its founding in 2019, AM 4 AM has pioneered an innovative technology for powder modification using cold plasma. This technology is said to enhance the properties of materials when additively manufactured, with the company’s flagship product, HiperAL, reported to be one of the strongest aluminium alloys on the market.
“It’s a real pleasure to see AM 4 AM continuing to grow and succeed from Luxembourg! After taking part in Fit 4 Start in 2022, the company continued its successful development from the Technoport in Foetz. Now, by leveraging the Young Innovative Enterprise scheme, AM 4 AM is set to expand and scale its operations internationally,” said Sven Baltes, Manager of start-up relations at Luxinnovation.
The Luxembourg Space Sector Development Fund, under the oversight of the Luxembourg government and satellite connectivity solutions provider SES, is intended to support the fund’s mission of bolstering Luxembourg’s space ecosystem. AM 4 AM’s powders, with their high strength, are well suited to use in Additive Manufacturing intended for space.
Speaking about the investment, Bernd Schäfer, CEO and Managing Director of EIT RawMaterials, said, “Companies like AM 4 AM who work on advancing raw materials play a crucial role in the future of the European economy and its sustainability. EIT RawMaterials’ focus on innovation and AM4 AM’s mission show perfect synergies, and I’m excited that we are part of this journey.”
