Surface Transforms, which manufactures next-generation carbon ceramic brake discs for the automotive and aircraft industries, has raised £20m in funding to expand its manufacturing capacity and meet growing demand from automotive customers in a financing round led by Zeus Capital.
The funding follows a successful 18 months for Surface Transforms in which it has secured contracts to supply brake discs for five new vehicles from four major automotive manufacturers, providing an expected revenue pipeline of £43m. The company is also increasingly confident of securing at least two new contracts in the near future.
Surface Transforms plc (LON:SCE) are experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use.
