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Fast Radius, LLC was formed in 2014 by Rick Smith and Mitch Free, and in 2017, Fast Radius, LLC merged with Fast Radius, Inc.[6][7] Fast Radius, Inc. was co-founded by Lou Rassey, Pat McCusker, Bill King, and John Nanry in a partnership with the shipping and logistics company UPS in an effort to leverage additive manufacturing as a supply chain solution.[8] Since its founding, the company has grown to more than 240 full-time employees and has expanded from supply chain solutions[buzzword] to all manner of parts manufacturing.[3][9]

Currently, Fast Radius specializes in manufacturing industrial-grade metal and plastic parts for applications including consumer goods, medical devices, automotive, aerospace, industrial equipment, and electronics, along with product development and design services.

Its Chicago headquarters, which has been in operation since 2018, is home to the largest public install base of Carbon DLS 3D printers in North America.[3] It was named a Lighthouse Factory, a distinction honoring the best digital factories in the world, by the World Economic Forum.[10]

In addition, Fast Radius has a large footprint of HP Multi Jet Fusion (MJF) equipment, Formlabs Stereolithography (SLA) printers, and the Desktop Metal Studio System.[11] Fast Radius also has a robust presence of Stratasys FDM printers co-located at the UPS World Port facility in Louisville, Kentucky.[12][13] The company is technology-agnostic, and works with a global network of manufacturers to provide CNC machining, injection molding, and urethane casting services.

Notable customers include Satair (an Airbus Services Company), Curtiss Motorcycles, Axial3D, Bastian Solutions (a Toyota Advanced Logistics Company), Rawlings, Yanfeng, Aptiv,[14][15] Danfoss, and Steelcase.[16][17][18][19]

In 2019, Fast Radius raised $48 million in a Series B funding round led by UPS and assisted by Drive Capital.[5][9]

During the COVID-19 pandemic, Fast Radius designed a 3D-printed respirator mask in response to the nationwide PPE shortage. The company released the design files and instructions online as an open-source resource. Fast Radius also produced face shield kits for frontline healthcare workers. They also worked with the University of Illinois at Urbana-Champaign to design and patent a microfluidics chip for a point-of-care COVID-19 testing solution.[buzzword][1][20][21]

In 2022, the company became listed on Nasdaq through a merger with ECP Environmental Growth Opportunities Corp.[22]

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Fast Radius - Wikipedia