Novation Tech
Provides comprehensive additive manufacturing services and composite component production using carbon fiber reinforced plastics (CFRP) for automotive, aerospace, sports, and eyewear sectors, integrating 3D printing with traditional molding technologies.
- CEO / Founder
- Luca Businaro
- Team Size
- 1001-5000
- Stage
- Established
- Total Funding
- Undisclosed
- Latest Round
- Strategic Investment - Undisclosed - May 2017
- Key Investors
- Keyhaven Capital Partners
Technology & Products
Key Products
3D printing services (3D Farm); Carbon fiber composite components; Automotive interior/structural parts; Aerospace seats and components; Sports equipment (bicycle frames, eyewear)
Technological Advantage
Proprietary 2017 patented composites process and in-house 3D printing farm with multiple technologies (FDM, SLS, SLA), enabling rapid prototyping and production integration; verified by ELITE certification and partnerships with CMS.
Differentiation
Value Proposition
Offers end-to-end solutions from design to production, reducing lead times and enabling complex geometries with high-strength composite materials, supported by in-house 3D printing and patented processes.
How They Differentiate
Novation Tech differentiates itself by specializing in carbon fiber composites with integrated 3D printing services, offering full production capabilities from design to finishing, and holding patents specific to CFRP processing. They provide end-to-end solutions, reducing lead times and enabling complex geometries with high-strength composite materials.
Market & Competition
Target Customers
Automotive OEMs, aerospace manufacturers, sports equipment brands, eyewear companies
Industry Verticals
Automotive; Aerospace; Sports and Leisure; Eyewear
Competitors
Adient, Pinnacle Industries, Toyota Boshoku Corporation
Growth & Milestones
Growth Metrics
Revenue grew from €26M in 2017 to over €105M in 2023; team size expanded from 170 in 2017 to over 1,400 in 2023.
Major Milestones
Founded in 1967; Acquired 85% of Citre Color SRL; Awarded ELITE 'Strategy and Finance' certificate in 2023; Launched 3D Farm additive manufacturing service; Patented composites process in 2017
Notable Customers
Novation Tech serves customers in the automotive, aerospace, sportsystem, and eyewear sectors, developing unique and specific solutions for each.