"We are in an acceleration phase and are growing both our production capacity and our organisation. With Scania Growth Capital as lead investor in our SEK 45 million capital raising rounds and Scania's ecosystem and knowledge will certainly help us accelerate growth," says Tobias Björnhov, Founder and CEO of Corebon AB.

"Corebon has developed a truly disruptive method for production of carbon fibre components. The technology has the potential to fundamentally change the reach of carbon fibre in industrial applications, which traditionally has been limited due to long lead-time and high cost," says Christian Zeuchner, Partner at the management company of Scania Growth Capital.

This marks the fourth investment by Scania's corporate venture capital fund. For each investment, the approach has been to contribute with industry knowledge, in addition to the invested capital. In this case, Per-Arne Eriksson Head of Customised Truck Development at Scania, will join the board of directors of Corebon. Eriksson says: "The strategy has been to invest in companies that have strategic relevance to the ecosystem in which we operate and Corebon fits very well. In the rapidly changing automotive industry, we see many opportunities to expand the use of carbon fibre composites to more applications as an enabler in product development, including in vehicle electrification."

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