Swiss lightweighting specialist Bcomp says that it has received CHF 32.4 million (US$35 million) investment to increase its global and domestic production capacity and improve its commercial presence.

The company makes natural flax fiber-based lightweight composites for a variety of applications including Formula 1, automotive, to aerospace, yachts, and infrastructure.

Investors include BMW, Volvo, Airbus and Porsche.

“We are very excited to open this new chapter with the great support of our new partners, developing Bcomp as the global leader of sustainable lightweight material solutions, and making our contribution to the circular economy,” said Christian Fischer, Bcomp CEO.