LOFITH Composites
Lightweight, long-fiber thermoplastic composites for transport industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Early VC | |
| Total Funding | 000k | ||
LOFITH Composites specializes in the formulation and manufacturing of long-fiber reinforced thermoplastic composites, specifically long-fiber reinforced pellets (LFT) and unidirectional tapes (UD-Tapes). Constituted in 2023, the company emerged as a spin-off from the AIMPLAS Technological Institute of Plastics, leveraging over five years of research to develop a proprietary and distinct manufacturing technology. The company's creation was a joint effort between AIMPLAS and REDIT Ventures, an investment vehicle from the Network of Technology Institutes of the Valencian Community. The CEO is Amador García.
The firm’s core business is producing advanced, lightweight, and recyclable composite materials that serve as alternatives to traditional metals and thermoset composites. These materials offer enhanced mechanical strength, durability, and a weight reduction of up to 50%, which improves energy efficiency. LOFITH provides tailor-made formulations, adapting materials to meet specific client needs for applications requiring advanced properties like flame retardancy, conductivity, or electromagnetic shielding. The product portfolio includes various UD-tapes made from virgin and recycled materials like PET and polypropylene, reinforced with carbon fiber.
LOFITH primarily serves high-performance sectors such as the automotive, aerospace, railway, and energy industries (specifically for hydrogen storage systems). The business model is focused on manufacturing and supplying these customized materials to an international client base, with its first customer being a German company. The company initiated its activity in September 2024 and plans to establish a production facility, potentially near the Castellón airport, by 2026 to scale its operations. The business plan projects reaching a revenue of €5 million and creating over 25 skilled jobs in its initial years.
Keywords: long-fiber thermoplastics, thermoplastic composites, UD-Tapes, LFT pellets, lightweight materials, automotive composites, aerospace materials, recyclable composites, sustainable materials, AIMPLAS spin-off, advanced materials manufacturing, carbon fiber reinforcement, custom material formulation, polymer composites, transportation industry supplier, hydrogen storage materials, structural components, high-performance plastics, REDIT Ventures, Amador García