Evolve Additive Solutions garners investment from LEGO for thermoplastics process

September 27, 2018 – Evolve Additive Solutions has secured an equity investment of $19 million from the LEGO Brand Group with participation from Stanley Black, Decker Investments and a third undisclosed investor.

Evolve’s proprietary selective thermoplastic electrophotographic process (STEP) technology is designed for automated manufacturing and factory-floor integration and allows users to use production-grade thermoplastics for volume manufacturing applications across multiple industries, including consumer, automotive, industrial and medical.

The solution combines Evolve’s own proprietary technology with the capability of electrophotography to produce additive manufactured parts that meet or exceed traditionally manufactured parts.

“Evolve has entered an exciting new growth phase as we begin commercial development of our proprietary STEP technology,” says Steve Chillscyzn, CEO of Evolve Additive Solutions. “We are excited to have forged equity partnerships with world-leading companies that recognize the production potential of STEP and are committed to working alongside Evolve to bring the technology to commercialization.”

Per Hjuler, LEGO Brand Group business development, says, “The LEGO Group has been using additive manufacturing technology for more than 20 years. Today, the company mainly employs the technology to create prototypes in the development of new products and we believe that the technology will become an even more important supplement to the current injection moulding capabilities in the future.”