The first machine constructing the material is already operational, with the factory expected to be up and running by the end of 2025, Dr Koncherry said.
He studied graphene as a student at the University of Manchester and was supported to set up his company by the university’s National Graphene Institute.
Dr Koncherry said the material could “change the world” by enabling new building techniques, lighter materials for aviation and space explorations.
“My idea is to rapidly develop products that can solve global problems like climate change, water shortage, plastic pollution, because the world is facing so many challenges, we can’t wait anymore.”
His company plans to build the first factory producing graphene enriched carbon fibre in the UK by 2026, he said.
Professor James Baker at the university’s Graphene Engineering Innovation Centre, said the deal was a “significant development”.
He said the commercialisation of the material was evidence of a “tipping of new products and applications being developed for the market”.