Pirates.BZ Tech Startup NewsPaperShell, a Swedish deeptech startup, has secured 40.3M EUR in EU funding to build its first full-scale factory. The company makes a fossil-free composite material from layers of kraft paper and bio-binder that is stronger than plastic and lighter than aluminium. The material is already NATO-approved and used in construction, defence, electronics and transport. Production capacity will reach 23,000 tonnes per year by 2030. https://thenextweb.com/news/papershell-eu-innovation-fund-40m-grant #Tech #Startup #News #DeepTech #PaperShell
PaperShell secures €40.3M EU grant to build its first full-scale factory
The Swedish deeptech company has signed a Grant Agreement with the European Commission under the EU Innovation Fund, unlocking €40.3M of a €83M project to expand its Tibro plant to 23,000 tonnes per year capacity by 2030. The material is already NATO-approved and shipping to customers in construction, defence, electronics and transport. PaperShell makes a […]