April 19, 2021
PDENH is investing 2.25 million euros in MX3D together with DOEN Participaties and the Netherlands Enterprise Agency (RVO). The investment is for a global acceleration of growth, the launch of the M1 printer, and the further development of ‘MetalXL’. Read all about it in the press release below.
– press release –
Investment used for launch of extraordinary M1 printer
PDENH, DOEN Participaties and RVO invest 2.25 million in 3D printing company MX3D
Amsterdam, April 14, 2021 – Sustainable Economy Participation Fund North Holland (PDENH), DOEN Participaties and the Netherlands Enterprise Agency (RVO) are investing 2.25 million euros in MX3D. The funds will be used for a global acceleration of growth and the launch of the M1 printer, a complete package consisting of a welding robot, sensors, and software for 3D metal printing. Efforts will also be focused on the further development of ‘MetalXL’, a software and sensor package that allows customers to transform their own welding robots into industrial 3D metal printers.
MX3D – known for the world’s first 3D-printed metal bridge – has sparked a revolution with its new production method, enabling large metal objects to be printed with material savings of sometimes up to 80 percent. As one of the pioneers in this 3D printing technology, MX3D has opened the doors for large-scale application of additive manufacturing in high-impact industries such as the maritime industry, Oil & Gas, and the manufacturing industry. The Metal XL Software product enables companies to turn their welding robot into an industrial 3D printer. Recently, MX3D has successfully tested MetalXL among beta users, and the time is ripe for a commercial rollout of the technology to the market.
Complete solution
With the launch of M1, MX3D offers customers a complete solution. “Our Metal XL enables companies to turn their welding robot into an industrial 3D printer within a day,” says Gijs van der Velden, CEO of MX3D. “Since the launch of MetalXL, however, we have seen a surprising amount of demand for a complete solution. We serve this group with the M1 printer. This allows even customers who do not yet have a welding robot to quickly start large-scale metal printing.”
Development and sales
MX3D is fully committed to the further development of MetalXL, a software-hardware solution to which multiple brands of robots, welding machines, and sensors can be connected. “Our goal is to connect three more brands of welding robots with the help of this investment; then we will be able to serve eighty percent of the global market,” says Van der Velden.
PDENH and DOEN
PDENH and DOEN Participaties have supported MX3D for some time and, with this new investment, demonstrate great confidence in the M1 printer and the future of MX3D. “The innovative solution ensures that companies can improve production methods, thereby saving a lot of material and transport, which can make a significant contribution to a sustainable future,” says Merijn ten Thije, Impact Investment Manager at DOEN Participaties. Joost de Waard, Investment Manager at PDENH, concurs. “We strongly believe in the technological lead and global potential of MX3D and are happy to help make MX3D’s growth plans possible.”
About MX3D
The Dutch company MX3D has been developing 3D printing technology since 2015 to print large-scale metal using welding robots. The developed technique saves material, costs, and lead time in the industrial, maritime, and architectural sectors. The company gained global fame with a 3D-printed bridge for the center of Amsterdam. Currently, the company focuses primarily on high-impact industrial markets such as tooling, Oil & Gas, and the maritime industry. In 2018, MX3D won a Dutch Design Week Public Award and the prestigious STARTS prize from the European Union. In 2019, the company was also elected by the Chamber of Commerce and the EU robotics program as one of the most innovative companies in the Netherlands. MX3D has partnerships with, among others, Autodesk, Takenaka, TU Delft, ArcelorMittal, ABB, Imperial College London, and Lenovo. For more information, see: www.mx3d.com
About PDENH
The Sustainable Economy Participation Fund North Holland is an investment fund for established and startup companies and projects that focus on energy transition, sustainable mobility, and circular economy, thereby contributing to the sustainable economy in North Holland. Other sustainable innovations may also be eligible for investment. The fund was established and financed by the Province of North Holland and is managed by KplusV and StartGreen Capital. See also www.pdenh.nl .
About DOEN Participaties
DOEN Participaties has been investing in innovative, sustainable, and social startups for more than 25 years. DOEN Participaties has the ambition to make the world greener and more social. Therefore, impact is central to all investments. DOEN Participaties invests in the early stages of companies and is willing to take risks. DOEN Participaties is wholly owned and managed by the DOEN Foundation. The DOEN Foundation was set up by the National Postcode Lottery to support innovative initiatives. For more information, see www.doenparticipaties.nl
About RVO
The Netherlands Enterprise Agency (RVO) encourages entrepreneurs in the Netherlands in sustainable, agricultural, innovative, and international business. It provides information and advice, financing, assistance in finding business partners, and help with complying with laws and regulations. RVO is part of the Ministry of Economic Affairs and Climate Policy, but also carries out assignments on behalf of other ministries and the European Union. www.rvo.nl
