Problem NanoSteel is Solving
The automotive industry has to meet ever tougher greenhouse gas emissions and fuel economy standards, and reducing the weight of vehicles is a huge lever to pull to achieve the required reductions. Steel makes up more of the weight of a vehicle than any other material.
For companies like General Motors and others, NanoSteel promises an advanced high strength steel that will create a new standard in performance while focusing on affordability and meeting stringent global fuel-economy regulations.
The NanoSteel Solution
NanoSteel is a world leader in nano-structured steel material designs. They have developed a new class of steel alloys that are strong, longer lasting and more energy efficient to manufacture. The steel alloy technology maintains the attractive formability, weldability and cost of conventional steels but at much higher strength.
NanoSteel’s materials have also been proven to be highly effective for 3D printing, providing new material options that have never before been achieved.
Why Chrysalix Invested
Regular steel has significant competitive advantages over other materials for the automotive sector due to its strength, recyclability, low production cost and significant capacity. The new alloys produced by NanoSteel will allow a significant reduction in the thickness of the sheet steel structures and panels used to make cars. The alloys will match aluminum on strength to weight, while being much lower in cost and easier to form and weld in the manufacturing process.