In its third round of funding, Industrial Origami secured $17 million on Monday toward commercializing its fold-up sheet metal technologies for building cars and household appliances.
The company says its patented system can slash manufacturing costs by 70 percent. Touted environmental benefits include less scrap waste at a factory as well as more efficient industrial shipping and storage.
The London-based Environmental Technologies Fund led the round.
"Industrial Origami profoundly changes the way products are designed and manufactured," said Patrick Sheehan, a partner at the fund, said in a statement.
Washing-machine maker Whirlpool is producing goods using the technology, … Read more