Bulgaria's MFG Invest to put 100,000 euro into France's Tetmet

The term for converting the investment into shares is two years or during a funding round prior to that, MFG Invest said in a statement.

Tetmet, founded in 2023, has developed an adaptive spatial lattice manufacturing (ASLM) technology using robotic assembly of solid rods through precise laser spot welding guided by advanced AI algorithms. The technology can be applied in furniture, housing, construction, automobiles, aircraft and spacecraft. The company operates on a software licensing business model, providing clients with software for element design and robot management.

Shares in MFG Invest last traded on March 12 when they closed at 2.90 levs on the BEAM growth market of the Bulgarian Stock Exchange, bourse data show.

($ = 0.9308 euro)