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Divergent 3D Enables Printing of Autos

January 30, 2017

Divergent 3D, a technology development and licensing company focused on the automotive sector, has closed a $23 million Series A funding round led by technology venture capital fund Horizons Ventures. Divergent 3D will apply the new funding toward commercializing its pathbreaking hardware-software platform, which slashes the capital costs, time-to-market and environmental impact of auto manufacturing. Divergent 3D’s strategic partner, Altran, the world’s largest automotive and aerospace engineering services provider, also invested in this round.

The Divergent Manufacturing Platform enables automakers to quickly design and build new cars at a fraction of the cost and environmental impact of those produced in traditional capital-intensive factories. Through the power of 3D printing, Divergent 3D can lower capital investment and production costs while producing vehicle structures that are over 50 percent lighter and require less fuel to drive.

“Divergent 3D is honored to have earned the confidence of Horizons Ventures, a world leader in innovation that recognizes the damage being generated by automotive manufacturing in China and around the world,” said Kevin Czinger, CEO of Divergent 3D. “This investment enables us to continue our strong momentum by providing resources and relationships to bring our automotive manufacturing technology to as many automakers as possible, especially in China. The time has come for a new model of decentralized car production that fosters pioneering car designs and lowers costs while alleviating environmental damage.”

The announcement follows the launch of a development and marketing partnership with global engineering firm Altran, also an investor in the Series A round, and a strategic partnership with leading European automaker PSA Group (Peugeot, Citroen & DS) to build full vehicle structures using Divergent 3D’s manufacturing platform.

Rob Vatter, CEO of Altran North America, said, “By teaming up with Divergent 3D, Altran takes a step to further develop its presence in the United States, which is a priority market for the Group, as part of the Altran 2020. Ignition strategic plan. Divergent 3D is a like-minded critical thinker who is as focused as we are on addressing and managing complexity for clients. The dramatic transformation the auto industry is facing must take into consideration not only how to leverage disruptive innovation, but also how to reduce the capital required to bring connected and intelligent vehicles to market. This partnership will address both considerations by streamlining the process of creating and integrating complex systems that will make up the cars of the near and distant future. At the same time, Divergent 3D’s platform will help us optimize our customers’ value chains by lowering costs and speeding up development timelines.”

“Altran’s world-class engineering expertise and comprehensive approach to creating the vehicle of the future are an ideal match for our technology,” stated Kevin Czinger, CEO of Divergent 3D. “Our planet-saving manufacturing approach provides a complete technology platform that dramatically reduces per-vehicle and upfront capital costs as well as environmental impact. Altran and Divergent 3D can help automakers across North America quickly develop new, much more efficient vehicles at lower volumes than was economically viable in the past, helping to spark a new era of automotive innovation.”

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