Italian startup Lithium Lasers announced it has raised €3.5 million in funding,
The company was founded in 2019 and has developed an ultrashort pulse laser (USPL) called FemtoFlash for material processing, biophotonics and non-linear optics applications in several industries (e.g. aerospace, healthcare, automotive, consumer electronics),
The Femtoflash is easy to install, lowers set-up costs, and proves particularly useful when dimensional accuracy and tighter tolerances are needed. In the aerospace industry, lasers are exceptionally effective for micro-component manufacturing and are especially used in marking Carbon Fiber Reinforced Polymer (CFRP) components, a widely used composite material in aerospace applications.
With €1.5 million committed by Primo Space Fund in a €2 million round with 360 Capital’s co-investment, Lithium Lasers will accelerate the process of industrialisation and commercialisation and start working on a new line of UV Lasers set to be launched in the next few years.