Batch.Works secures £300K to transform manufacturing with AI and CMaaS
3D printing company Batch.Works has launched an equity crowdfunding on Seedrs for R&D of AI-driven smart factories and Circular Manufacturing as a Service (CMaaS). Batch.Works’ equity crowdfunding campaign, offering a 7.89% stake at a £3.5 million pre-money valuation, swiftly reached its £300,000 target in just 24 hours, and is now in the overfunding phase. With investments from Sustainable Ventures and government grants totaling £1.8 million, Batch.Works is well-prepared for growth, says the company. Its strong client base spans furniture, retail, med-tech, and consumer electronics, with over six years of partnerships yielding 150,000 parts made from recycled or bio-sourced materials.
Although the current revenue model involves design consultancy and direct manufacturing services, Batch.Works intends to launch its CMaaS subscription model in 2024. This forward-looking cloud-based warehouse and scheduling software will enable clients to internalize circular manufacturing processes for a monthly fee.