The pioneer in advanced surface treatments for friction and wear reduction has raised close to 16MSEK and is set to expand its impact on energy-efficient and durable manufacturing.
Tribonex, an InnoEnergy portfolio company, has raised SEK 15.7 million (around EUR 1.35 million) to accelerate the industrial rollout of its surface treatment technology. The funding round brings Turbine Capital and Almi Invest GreenTech on board as new investors, alongside continued support from existing shareholder First Venture Sweden.
Enabling more efficient and sustainable manufacturing
Tribonex develops and commercialises Triboconditioning®, a patented surface treatment process that significantly reduces friction and wear in critical metal components. The technology increases energy efficiency and extends component lifetime in applications such as electric vehicles, hydraulic systems, bearings, driveline components, and heavy-duty engines.
Unlike traditional coating methods, Triboconditioning® can be seamlessly applied using standard mass-finishing equipment, enabling manufacturers to achieve advanced surface performance in-house without relying on external coating suppliers. This reduces transport needs, shortens lead times, and enhances overall production efficiency.
Strong investor backing for the next growth phase
“We are so proud to have Turbine Capital and Almi Invest GreenTech as new investors in the company, supporting our continued growth and enabling collaboration beyond the scope of funding,” said Christian Kolar, CEO of Tribonex. “We look forward to this partnership and the opportunities it brings through their network. Their investment underscores the importance of our work as industries move toward more energy-efficient and sustainable solutions. It also provides a strong foundation for accelerating the broad implementation of our solution across the industrial and automotive markets.”
With several successful proof-of-concept projects completed with leading OEMs and tier-one suppliers, the new capital will enable Tribonex to accelerate the industrial rollout of its technology, integrating the process directly into customers’ production plants.
InnoEnergy, which led the previous investment round in 2023, remains an active shareholder and partner in the company’s scale-up.
“Tribonex helps manufacturers cut friction, energy losses, and material waste – exactly the kind of innovation needed as industries transition toward more efficient and sustainable production,” said Olof Ahlsten, CFO at InnoEnergy Scandinavia. “We are pleased to see strong new investors join this journey and look forward to supporting Tribonex in its next phase of growth.”
With a strengthened investor base and growing industrial traction, Tribonex is well positioned to advance the industrial adoption of its technology – helping manufacturers improve efficiency, durability, and sustainability across multiple sectors. InnoEnergy warmly welcomes Turbine Capital and Almi Invest GreenTech as new investors and looks forward to supporting the company’s next stage of growth and impact.
