Valencia-based company LOFITH Composites has closed a €540,000 funding round led by REDIT Ventures, the investment vehicle promoted by REDIT – the Network of Technological Institutes of the Valencian Community. The round also included participation from three Spanish industrial companies. The capital injection will be mainly used to install the company’s first in-house production line, a key step in its industrial scale-up.
The company, founded as a spin-off from the Plastics Technology Institute AIMPLAS, has developed its own technology in long-fiber thermoplastic composite materials, enabling a significant reduction in material weight. This technology has direct applications in sectors such as automotive, aerospace, electric mobility, and hydrogen tanks. “We put materials on a diet. If we manage to reduce weight in a vehicle, we make it more efficient. It could be an electric car, a satellite, or even a hydrogen tank,” CEO Amador García told Plaza.
Established in 2023, the company began its commercial activity in September 2024, following more than five years of research at AIMPLAS, where its manufacturing technology was developed. This technology enables the homogeneous bonding of fibers such as carbon or glass with thermoplastic matrices, resulting in lighter materials with improved mechanical properties that are also recyclable—a key differentiating advantage over traditional composite materials.
LOFITH currently manufactures at AIMPLAS facilities, with production capacity limited to just a few tonnes per year. However, market demand is already requiring volumes of between 20 and 50 tonnes, forcing the company to accelerate its industrialization. “Our customers are already asking for much larger quantities. There is no market risk because they know the product and are demanding it. The challenge is to set up our own plant as soon as possible,” García stressed.
“On the one hand, there are the materials and their composition, and on the other, the manufacturing method. How each part is selected and how they are combined is vital,” García explains. “It’s like making mayonnaise: if it doesn’t blend properly, it splits. Our technology ensures full integration, creating a material with superior properties.” LOFITH’s materials are tailored to each customer’s needs and applications, ranging from components for electric vehicles and battery casings to satellite parts or hydrogen tanks, which must withstand extreme conditions. The company currently works with clients in Germany, Denmark, France, and Spain, and is also exploring alternatives using plant-based fibers to meet growing demand for more sustainable solutions.
In this context, the company is already searching for industrial premises, with site visits scheduled to begin next February, which will be fitted out using the proceeds from the new funding round. The plan is to have a facility of around 600 square meters in the Valencian Community by 2026, with one of the potential locations being the area around Castellón Airport, where a technology hub is currently taking shape. LOFITH’s revenues grew from just €1,000 in 2023 to approximately €225,000 in 2024, with forecasts to exceed €1 million in 2025. In the medium term, the company aims to reach €15 million in revenues by 2030
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