Rovereto-based Lithium Lasers, an ultrashort pulse laser technology startup, announced it has raised €2 million from 360 Capital and Primo Space Fund. With the fresh capital Lithium Lasers will accelerate the process of industrialization and commercialization along with starting to work on a new line of UV Lasers set to be launched in the next few years.€1.5 million was committed by Primo Space Fund with the co-investment of 360 Capital, which reinforces its dedication towards innovation in the Deep Tech Industry.
Founded in 2019, Lithium Lasers has developed a USPL called FemtoFlash for material processing, biophotonics and non-linear optics applications in several industries (eg. aerospace, healthcare, automotive, consumer electronics, among others), particularly useful when dimensional accuracy and tighter tolerances are needed. Because of its ease of integrability, FemtoFlash is easier to install, lowering setup costs for clients.
In the aerospace industry, lasers are exceptionally effective for micro-component manufacturing and they are especially used in marking Carbon Fiber Reinforced Polymer (CFRP) components, a widely used composite material in aerospace applications. The Ultrashort Laser Pulse market is expected to grow at a CAGR of 14,1% until 2028, reaching a size of €3,9 billion. This steadfast growth is mainly driven by microelectronic manufacturing fostered by consumer electronics increasing demand.
Alessandro Greborio, CEO and co-founder of Lithium Lasers, commented: “With the financial and strategic support from Primo Space and 360 Capital Partners, we are set to accelerate the industrialization of our product and consolidate our position as a leading provider of laser solutions for high-precision manufacturing of components used in various industries. The capital infusion will drive the rapid industrialization of Femtoflash, along with the development of a UV laser version to broaden our capabilities across a wider range of materials. Simultaneously, we will establish a highly-performing laser processing platform to tackle complex manufacturing challenges. Our sincere thanks go to our legal counsel, Fabio Azzolina, and the BizPlace team for their invaluable assistance throughout the fundraising process.”
Alessandro Zaccaria, Partner at 360 Capital, added: “360’s deepened involvement in Lithium Lasers underscores the remarkable strides made in precision manufacturing technology by the company. With each technical leap forward, we af irm our dedication to driving industrial progress and investing in transformative solutions for the future.”
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