BMW INVESTS IN 3D METAL PRINTING
BMW i Ventures has announced a strategic investment in Desktop Metal, an emerging start-up with the mission to bring metal 3D printing within reach of all design and manufacturing teams.
Desktop Metal is committed to accelerating the adoption of metal 3D printing in manufacturing through the creation of innovative technology that produces complex parts.
New York-based BMW i Ventures is a corporate venture capital team founded by BMW Group in 2011, which provides equity financing to high-potential startups and high-growth companies dedicated to shape the future of global mobility.
Through its previous investments in the fields of e-mobility, navigation, parking, car sharing and intermodality, BMW i Ventures has already entered into strategic partnerships with innovative providers such as Scoop, Zirx, RiceCell, Chargepoint, Life360, Moovit, JustPark, Chargemaster and Zendrive, Rever Moto and STRIVR.
Ric Fulop, CEO and co-founder of Desktop Metal, said advances in metal 3D printing are driving innovation across a wide range of automotive applications. Uwe Higgen, managing partner of BMW i Ventures, said these innovations ranged from rapid prototyping and printing exceptional quality parts for end-use production, to freedom of design and mass customisation. “Desktop Metal is shaping the way cars will be imaged, designed and manufactured,” Higgen said.