VSParticle raises €6.5 million to power material discovery for a greener future (2024)

VSParticle (VSP) - a YES!Delft startup and the leading supplier of nanoparticle synthesis and deposition tools - has raised a €6.5 million A2 extension round led by NordicNinja and previous investor Plural to continue its mission to unlock a century of material innovation in the next 10 years.

VSP’s revolutionary technology enables materials to be broken down to the size of nanoparticles and produced at the push of a button, allowing university researchers and commercial R&D teams to experiment to create new materials that will power next-generation products. It can take up to 10 years to discover new materials in a lab and a further five to bring them to mass production, but VSP’s technology is supporting teams to reduce the overall time of material discovery down to only one year.

Our technology is empowering university researchers and commercial R&D teams across the world to create new materials that will transform the production of green hydrogen and reduce emissions in carbon-intensive industries.” –

Aaike van Vugt,co-founder and CEO of VSParticle

VSParticle raises €6.5 million to power material discovery for a greener future (1)Aiding new material discovery to power sustainable energy

VSParticle has shipped its flagship product, the VSP-P1 Nanoprinter, to teams across Asia, the Middle East, Europe, and North America including theSorbonne University Abu Dhabi, the San Francisco-basedLawrence Livermore National Laboratory, the Materials Discovery Research Institute (MDRI) in Chicago area, and theDutch Institute for Fundamental Energy Researchover the past year, who are using it to accelerate material development for innovative industrial solutions.

In particular, VSP’s technology is enabling the mass production of catalyst-coated Porous Transport Layers (PTLs), which are the key components in electrolyzers and are essential to the production of green hydrogen. Green hydrogen is essential to reduce dependence on fossil fuels and power a more sustainable future for industries such as shipping, transport, heating, and aviation, yet the process currently relies on using scarce resources including platinum and iridium.

The collaboration with VSParticle aligns perfectly with DIFFER’s strategy to extend its national role in building the infrastructure ‘materials4energy’. With VSP-P1 Nanoprinter, we aim to accelerate material development for energy applications and reinforce the Netherlands’ leadership in sustainable energy research.”

Süleyman Er, Department Head and Group Leader at DIFFER

VSParticle raises €6.5 million to power material discovery for a greener future (2)Customers are using VSP printers to develop new material combinations for PTLs, with a predicted 10x savings in scarce metals, such as iridium, and introduce new products faster and cheaper. By 2027, the first components that have been developed using VSP’s technology should be in the market, creating the end product that will support green hydrogen production. This will support global net zero goals – the IEA estimates that the world will need to produce306 million tonnes of green hydrogenannually to reach carbon neutrality by 2050, withthe EUandJapan, in particular, focusing on prioritizing this clean energy source.

VSParticle’s technology is transforming material innovation and, combined with AI, this will be the basis of world-changing discovery and synthesis over the next decades. We’re delighted to be supporting the impressive VSP team in this extension round, particularly with their Japanese expansion plans to capitalize on the drive to scale the development of green hydrogen.”

Rainer Sternfeld,Partner at NordicNinja

VSParticle raises €6.5 million to power material discovery for a greener future (3)Future-proofing material discovery

VSP empowers R&D teams in labs today and its future-proof technology positions it at the forefront of the self-driving lab revolution. An increasing number of VSP customers are pioneering autonomous labs that integrate robotics, AI, and high-throughput material synthesis to accelerate ground-breaking discoveries crucial for addressing urgent global challenges like sustainable energy. VSP’s advanced technology ensures top-tier material synthesis, paving the way for future innovations in nanotechnology and novel materials for the energy sector.

The new funding, which included participation from previous investor Hermann Hauser Investment, brings the total raised by VSParticle to €24.5 million. The new investment will be used to further the development of VSP’s technology so its next-generation printers have up to 100 times higher output and will also support the company in expanding to Japan and doubling down in the US and Europe.

Material discovery has always been extremely important in science but over the past 12 months, the world has woken up to the need to speed up innovation so we can find the solutions to global challenges, including decarbonizing society. This technology is already making a difference to teams in Europe and the US, particularly when it comes to enabling AI-driven automation of material discovery and we look forward to working closely with Aaike and the team as they continue to expand.”

Sten Tamkivi,partner at Plural

VSParticle raises €6.5 million to power material discovery for a greener future (2024)
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