
Arevo
Develops technology to enable direct digital additive manufacturing of ultra-strong, lightweight composite parts for end use applications in high volume.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor investor investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
$25.0m | Series B | ||
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 7 % | 495 % | - | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Arevo, Inc. was a Silicon Valley-based company founded in 2013 by Hemant Bheda, Wiener Mondesir, and Sonny Vu, with a vision to transform manufacturing through technology. The firm specialized in direct digital additive manufacturing, developing a robotic platform that combined software, advanced composite materials, and robotics to 3D print large, continuous carbon fiber reinforced polymer (CFRP) composite parts. This technology aimed to produce strong, lightweight components at scale, eliminating the need for expensive molds and reducing production time from months to days.
The company's business model initially targeted both business-to-consumer and business-to-business markets. It offered Manufacturing-as-a-Service (MaaS) and provided its proprietary software and composite materials to Original Equipment Manufacturers (OEMs) across various sectors, including aerospace, defense, automotive, and consumer goods. Arevo's technology enabled the production of complex, custom parts, such as unibody bicycle frames, sports equipment, and aerospace components. A notable application was the creation of the world's first 3D-printed, single-piece unibody carbon fiber frame for the Emery One e-bike, in partnership with Franco Bicycles. This led to the launch of its own direct-to-consumer brand, Superstrata, which offered custom-fit, 3D-printed carbon fiber bicycles and e-bikes via a successful crowdfunding campaign.
Throughout its operation, Arevo secured significant funding, totaling over $80 million from investors like Khosla Ventures, GGV Capital, and Defy Partners. However, the company faced challenges, including production delays and quality issues with its Superstrata bikes. In 2023, Arevo ceased operations. Following its closure, its technology portfolio and intellectual property, including patents in carbon fiber printing and AI build monitoring, were acquired by Stratasys in March 2024.
Keywords: Arevo, additive manufacturing, 3D printing, carbon fiber composites, composite manufacturing, direct digital manufacturing, robotics, manufacturing-as-a-service, MaaS, Superstrata, continuous carbon fiber, aerospace components, automotive parts, bicycle manufacturing, unibody frame, Hemant Bheda, Sonny Vu, Stratasys, Khosla Ventures, deadpooled, technology acquisition