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Ultra short pulse laser technology shines a sword, winning 3.5 million euros in financing

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2024-04-26 16:23:07
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Recently, Italian startup Lithium Lasers announced that the company has successfully raised 3.5 million euros in ultra short pulse laser technology.
This company, founded in 2019, focuses on developing an ultra short pulse laser (USPL) called FemtoFlash, which is aimed at multiple industries such as aerospace, healthcare, automotive, and consumer electronics, particularly suitable for material processing, biophotonics, and nonlinear optical applications.

FemtoFlash not only facilitates installation and significantly reduces setup costs, but also demonstrates unique advantages in application scenarios that require high-precision dimensions and stricter tolerances. In the aerospace field, this laser performs excellently in the manufacturing of micro components, especially when labeling carbon fiber reinforced polymer (CFRP) components, which have a wide range of applications in the aerospace field.

This financing is provided by Primo Space Fund for 1.5 million euros and jointly invested by 360 Capital for 2 million euros. This funding will help Lithium Lasers accelerate its industrialization and commercialization process, and plans to launch a new ultraviolet laser series in the coming years.
For this financing, Alessandro Greborio, CEO and co-founder of Lithium Lasers, stated, "With the financial and strategic support of Primo Space and 360 Capital Partners, we will accelerate the industrialization process of our products and further consolidate our position as a leading supplier of high-precision manufacturing component laser solutions in various industries."

Femtoflash is easy to install, reduces setup costs, and is particularly useful when dimensional accuracy and stricter tolerances are required. In the aerospace industry, lasers are highly effective in the manufacturing of micro components, especially for labeling carbon fiber reinforced polymer (CFRP) components, which are composite materials widely used in aerospace applications.

Primo Space Fund has committed 1.5 million euros, with 360 Capital jointly investing 2 million euros. Lithium Lasers will accelerate its industrialization and commercialization process and begin launching a new UV laser series in the coming years.

Alessandro Greborio, CEO and co-founder of Lithium Lasers, commented, "With the financial and strategic support of Primo Space and 360 Capital Partners, we will accelerate the industrialization of our products and consolidate our position as a leading supplier of high-precision manufacturing component laser solutions in various industries."

Meanwhile, Alessandro Zaccaria, partner of 360 Capital, also expressed recognition for Lithium Lasers: "360 Capital's deep involvement in the Lithium Lasers business fully demonstrates the company's significant achievements in precision manufacturing technology. We are always committed to promoting industrial progress and firmly believe that investing in such transformative solutions will lead future technological development."

Source: OFweek

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