Modumetal, a provider of nanolamination coating technologies, has raised USD14 Million in Series A-2 funding led by Atlas Innovate and Rotor Capital.
Modumetal also added two independent members to its Board of Directors: Tushar Porwal, an automotive industry leader and current Head of Manufacturing for BrightDrop, GM’s brand of electric commercial vehicles; and Robert Workman, an oil and gas industry executive and current CEO and Director of PSS Industrial Group.
Modumetal will use the funding to further accelerate commercialisation of its oil and gas coating solutions, scale its operations, and expand its customer base in new key industries that include automotive and sustainable energy end markets.
Porwal and Workman will join existing board members from Modumetal’s latest investor group including Alain Rothstein and Drew Gardner of Atlas Innovate and Rich Keller and Ed Lee of Rotor Capital.