Vice president and general manager, Avery Dennison Materials Group, Asia, Middle East & Africa
Pankaj serves as vice president and general manager for Avery Dennison Materials Group across Asia, the Middle East, and Africa, having held successive senior commercial and general management roles within the company since 2013.
Avery Dennison has backed Addionics in a Series B round to support manufacturing scale and commercialisation.
"We are creating a mutually beneficial partnership. The investment will enable Addionics to accelerate the development and commercialization of its unique technology for current collectors. Our process know-how, materials science knowledge and global reach complement Addionics’ novel technology and entrepreneurial spirit. Equally important, the partnership contributes to advancing sustainability."
— Pankaj Bhardwaj, Vice president and general manager, Avery Dennison Materials Group, Asia, Middle East & Africa
The funding round includes strategic backing from Avery Dennison alongside existing investors ARM and Cambridge Innovation Capital.
"Avery Dennison works with more than 10,000 converters, brand owners and retailers worldwide, making them an ideal supply chain partner to deliver solutions based on our unique technology. We appreciate the confidence in our business reflected by this investment from Avery Dennison, as well as continued strong backing from CIC and ARM"
