Faraz Ventures has partnered with Nano Baspaar Sepehr to provide acceleration and funding for the production of RTV silicone coatings aimed at improving electrical insulator performance in Iran.
Target Company Overview
The deal involves a partnership between Faraz Ventures and the knowledge-based startup Nano Baspaar Sepehr, specializing in the production of RTV silicone coatings for the electrical industry. This collaboration aims to accelerate development efforts and secure funding for the startup, facilitating its growth in producing high-quality silicone coatings.
Nano Baspaar Sepehr, which has received support from the Special Committee for the Development of Nanotechnology, has developed a semi-industrial prototype of its RTV silicone coating with the help of the Nanostartup program in 2022. The company is currently focused on industrial production and scaling up its operations to meet market demands.
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Industry Overview in Iran
The electrical industry in Iran faces significant challenges from pollution, dust, and complex weather conditions, which adversely affect the efficiency and durability of electrical insulators. These issues ha
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فراز ونچرز
invested in
نانو بسپار سپهر
in 2022
in a Strategic Partnership deal