Research Project Generates Idea for Company
When Dr. Qilin Fu was a doctoral student at KTH Royal Institute of Technology in Stockholm and studied the effects of vibration on machining, he saw that the technology had a lot of room for improvement. Qilin proceeded to study different systems and materials that could be applied to the problem.
In 2015, a breakthrough occurred with the use of polymers. The following year, Qilin and his partners applied for a patent and started MAQ. The name of the Stockholm-based company comes from the first names of the co-founders: Mihai Nicolescu, Amir Rashid and Qilin Fu.
In 2017, MAQ was formed and early investors were secured to fund our growth path. One of them was InnoEnergy.
In 2018, MAQ secured its first round of investments from foundations and private investors. In 2019, MAQ secured its second and much larger round of investments from more private investors and institutions, with almost all previous investors matching. This has been augmented with several grants received from prestigious institutions to help further develop our technologies in milling, holemaking and much more to come.
Meet Our Team
Although we’re a relatively new company, our breadth and depth of technical and market knowledge, along with the passion of our co-founders, advisors and investors, have put us on equal footing with competitors that have been around for a long time.