Hypetex: £1.25 million investment for colored...

£1.25 million investment for colored carbon fiber

(Source: Hypeex)
(Source: Hypeex)

The world’s first manufacturer of colored carbon fiber, Hypetex, has attracted £1.25 million in new equity investment and welcomes 2 experienced business leaders as both investors and advisers to the company.
The investment is the latest round of the company’s seed funding which will support ambitious growth plans and help scale the business’s footprint.
The technology from Hypetex Ltd., London/UK, enables the sustainable colorization of advanced materials whilst maintaining and often improving their performance properties. Using a water-based resin system and a low-energy curing process, the finished colored composite materials can be used in a range of products, removing the need for any addition of paint whilst offering both cost-saving and built-in aesthetic improvements. Applications range from consumer electronics, aerospace, yachting and lifestyle products to automotive design and Formula One.
As part of the new investment, Neil MacDougall, an experienced private equity and angel investor, has been appointed Chairman of the Board for Hypetex. He brings with him a large amount of experience having successfully run a pan-European private equity fund for 15 years and chaired the British Private Equity & Venture Capital Association, London from 2020 to 2021, and is a director of the UK Business Angels Association, London.
Joining him as an advisor to the Board is Nick Rose, whose previous roles include CFO of Diageo plc., London, Chairman of Williams Grand Prix Holdings Plc. Wantage/UK, and Board Member at BAE Systems plc, Franborough/UK.
The appointments further strengthen the management structure for the organization. MacDougall and Rose will work alongside CEO Marc Cohen and Chief Technology Officer Nigel Dunlea as they continue to expand the company’s international footprint.

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