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BMW i Ventures announced a lead investment in the Series B financing round of Actnano, a company that has developed nanocoating that offers “unparalleled” protection for electronics across the automotive and consumer electronics markets.

Nanoguard technology is a thin nano structure that is sprayed directly on the electronic component, acting as an insulation barrier to protect the component against various environmental contaminants such as water, condensation, humidity, and salt.

Unlike traditional coatings, it can be applied to connectors and antennas, as well as underneath large components and processors, eliminating the need for masking.

The technology also offers significant cost advantages over existing alternatives and is easy to apply in manufacturing processes, drying within 30 seconds of application.

Actnano nanocoatings are used by automotive and consumer electronics OEMs and Tier-1 suppliers and are currently in 2m production vehicles, including 80% of EVs in North America, as well as many of the world’s leading consumer devices.

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By GlobalData

“The proliferation of electronics in the car, especially with the broader industry push toward autonomous driving and electrification, will necessitate greater protection of mission-critical electronic components in the vehicle,” said Kasper Sage, managing partner at BMW i Ventures. “Actnano’s nanocoatings have proven to be superior in performance and bring distinct cost-advantages compared to traditional alternatives.”

Nanoguard is produced with sustainable materials and doesn’t contain any harmful fluorine or halogen compounds, which are typically found in automotive coatings.

Actnano will use the new funds to expand its sales and technical teams as well as ramp up production to meet the significant increase in demand for the product.