Jolt Capital Invests in P2i — A New Chapter for Protective Nanotechnology
Jolt Capital, a European deeptech-focused private equity firm, has taken a controlling stake in P2i — marking a significant milestone for the business and a formal beginning to a partnership that has been building for several years.
P2i and Jolt Capital have formalised a partnership that has been developing over a number of years. Jolt Capital, a private equity firm focused exclusively on deeptech growth investments in European companies, has taken a controlling stake in P2i — its first investment in the UK.
For Jolt, P2i is a direct expression of their investment thesis: a proven, sustainable deep technology platform with global production reach and a clear commercial case across multiple high-growth sectors. P2i's plasma-enhanced vapour deposition process — PFAS-free, solvent-free, and backed by 12+ granted patents — protects electronic devices at the molecular level without adding to form factor or compromising performance. More than a billion devices have been protected to date.
Pierre Garnier, Managing Partner at Jolt Capital, commented that ensuring the waterproofing and corrosion protection of semiconductor devices has become a critical factor in durability across consumer electronics, automotive, and medical devices — and that P2i's patented plasma-enhanced thin film deposition technology has become essential for leading tech hardware manufacturers.
For P2i, the partnership brings both strategic depth and financial strength at an important point in the company's development. Jolt's team brings experience across advanced materials, semiconductors, and industrial technology — sectors that map directly onto the markets P2i serves. The backing accelerates P2i's ability to scale, diversify, and enter new manufacturing regions.
Chris Saunders, CEO of P2i, noted that the company has been engaged with Jolt Capital over a number of years and that formalising the partnership brings a wealth of experience and capabilities that will enhance P2i's ability to expand into new markets, while providing the financial foundation to support the investment growth needs of existing customers.
P2i currently operates from two principal sites — Oxford, United Kingdom and Shenzhen, China — with factory-in-factory deployments at customer facilities across Europe, Asia, and the United States.
