University of Salford spinout Carbon Air has closed a funding round led by Mercia Fund Managers.
Carbon Air, a UK-based advanced materials spinout from University of Salford, raised £635,000 ($850,000) in a funding round led by investment firm Mercia Fund Managers on Monday.
Founded in 2012, Carbon Air has figured out how to use a highly-porous material called activated carbon – or activated charcoal – to create miniature speakers and very thin sound insulation.
Activated carbon is widely used for water filtration system, boasting a unique structure that enables it to absorb vast quantities of air. The spinout is working with original equipment manufacturers in the automotive sector and licensing the technology for use in air springs.
The spinout will use the cash injection to expand its activities to include manufacturing and to hire five additional staff.
Ashish Kumaraswarmy, investment director at Mercia Fund Managers, said: “Activated carbon is a wonder material that can ‘breathe in’ extraordinary quantities of air.
“Carbon Air was the first to accurately model the processes at play and identify its potential for use across a wide range of industries, from audio and acoustic to automotive and construction. The funding will allow it to expand its activities and target other high-value sectors.”
