3D Printer HardwareAdditive ManufacturingAutomotive AMMetal Additive ManufacturingSustainability

SUN METALON raises additional $2 million in pre-series A funding

Bringing the total amount raised to approximately US$9.7M, as its metal AM technology is adopted by TOYOTA

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

After TOYOTA adopted its high-speed metal AM technology, Japanese startup SUN METALON has raised $2 million in additional pre-series A funding from new investors Impact Science Ventures, i-nest capital, Scrum Ventures, and existing investor D4V (Design for Ventures). This brings the total amount raised since inception to approximately 1.3 billion yen (US$9.7M).

Also, as part of efforts to strengthen the foundation for global expansion, Dr. Adrian Keppler, former CEO of EOS, a leading metal 3D printer company, will become an outside director of the company on March 1, 2023, and Mark Cook, former VP of 3D systems, also an important metal 3D printer company, will become VP of Product and Business Affairs on March 1, 2023.

SUN METALON raises additional $2 million in pre-series A funding as its metal AM technology is adopted by TOYOTA
SUN METALON Co-founders Kazuhiko Nishioka, CEO, and Kei Takizawa, VP of Business Development & Operations on the right and center of the photo.

Since its establishment in February 2021, SUN METALON been striving to democratize and popularize metal 3D parts based on its proprietary ultra-high-speed metal 3D printing technology. The company has not made a lot of information public about the exact nature of its 3D printing technology other than saying it is “[up to] 500 times faster than conventional technologies”.

We have learned that it is a “non-binder-based sinter technology”. It is also a powder-based process which could mean it is a water-based jetting process (such as, for example, XJet’s nanoparticle jetting or another powder bed jetting process that uses water as the binding agent). Other sinter-based processes that use only a limited quantity of binder include complex paste-based printing technologies such as Tritone’s. We also know that the scrap powder used in the AM process is highly recyclable on-site and transformed, safely and efficiently, into reusable resources.

In the future, the company says it will continue to strive to develop capabilities for metal parts to be produced anytime, anywhere using local resources with SUNMETALON’s 3D printing technology. In the meantime, though, it has received an important endorsement from Toyota Motor Corporation. The two companies collaborated to develop a new method for aluminum recycling that will reduce CO2 emissions.

“We are proud to have been able to work with TOYOTA, which has demonstrated global leadership and is making advanced efforts to protect the global environment, to develop a process that has outstanding potential,” said Kazuhiko Nishioka, Co-Founder & CEO, SUN METALON Inc. “I am very happy and grateful to have worked side by side with TOYOTA right from the founding of the company and to have reached this joint announcement. We will apply this technology to mass production as soon as possible.”

Verification experiments have confirmed the new process contributes to reduce CO2 emissions and improve safety and quality compared to conventional aluminum recycling processes. TOYOTA has already purchased equipment manufactured by SUN METALON and has begun verification testing of the new process. The results were jointly presented at the Japan Foundry Engineering Society conference in May 2023.

SUN METALON and TOYOTA will work jointly to develop the technology to be ready for mass production including the improvement of grade stability and equipment durability. In order to implement this technology in society and to accelerate development, both companies are looking for partners who share the same vision and will work together to promote future development. With that vision in mind, the two companies intend to build an even stronger development system that will help interested companies collaborate in this effort.

SUN METALON will provide the fundamental technology and Toyota will provide the applied technology. The two companies have discovered various potential applications (environmental impact reduction, supply chain efficiency improvement, etc.) for local production of metal parts using SUN METALON’s core metal forming technology and will continue to deepen their collaboration to expand applications within TOYOTA.

 

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based VoxelMatters. Today the company publishes the leading news and insights websites VoxelMatters.com and Replicatore.it, as well as VoxelMatters Directory, the largest global directory of companies in the additive manufacturing industry.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.