Managing the Financial Side of Commercial Fleets

BMW Invests in 3-D Printing Firm

February 6, 2017

Photo courtesy of Desktop Metal.
Photo courtesy of Desktop Metal.

BMW i Ventures has invested an undisclosed amount in Desktop Metals with the hope of using 3-D printing technology within its design and manufacturing process.

"From rapid prototyping and printing exceptional quality parts for end-use production, to freedom of design and mass customization, Desktop Metal is shaping the way cars will be imaged, designed and manufactured," said Uwe Higgen, managing partner of BMW i Ventures.

Desktop Metal has developed ways to use metal 3-D printing in manufacturing through the creation of innovative technology that produces complex parts. The company employes 75 engineers.

"Just as plastic has redefined rapid prototyping, metal 3-D printing will make a profound impact on the way companies manufacture rapid prototypes and mass produce parts across all major industries," said Ric Fulop, CEO and co-founder of Desktop Metal.

Desktop Metal has raised $97 million in equity funding since its founding in October 2015. The latest round of $45 million came from GV (formerly Google Ventures), BMW i Ventures, and Lowe's Ventures, the company announced.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

John Lovato was one of the 46 founding members of NAFA, a member of The Round Table Group (a precursor to NAFA), and a former fleet manager with chemical manufacturing company American Cyanamid.

Read more

Up Next

More From The World's Largest Fleet Publisher