Erciyas Çelik Boru (ERCB) has attracted attention by making a significant investment in the future transportation technology, Hyperloop. In an announcement made on September 26, 2024, to the Public Disclosure Platform (KAP), the company revealed the establishment of Blacksteel Technology Investments Inc. with a 50% stake.
Joint Venture: Blacksteel by Erciyas and Çimtaş
The paths of Erciyas Çelik Boru and Çimtaş Steel Manufacturing Assembly and Installation Inc., a subsidiary of ENKA Construction, intersected in 2022 through Hyperloop projects. This partnership has gained formal recognition today with the establishment of Blacksteel Technology Investments Inc., transforming into a high-tech investment platform. Blacksteel was founded as a 50-50 joint venture between Erciyas Tech Ventures Technology Investments Inc. and Çimtaş Advanced Technology Solutions Inc., aiming to lead technological development in Turkey.
Goals and Areas of Activity of Blacksteel Technology Investments Inc.: A Journey to the Future Led by Hyperloop
Blacksteel plans to play a significant role in the development and promotion of Hyperloop technology. The company will engage in the development and production of Hyperloop tubes/pipes and components, conduct R&D to advance the Hyperloop concept and technology, and participate in global innovation projects while developing new technologies. Additionally, it aims to diversify its portfolio by making strategic investments in domestic and foreign companies that operate in high-tech fields.
Erciyas Çelik Boru’s strategic investment in Blacksteel Technology Investments Inc. showcases the company’s confidence in and vision for future technologies. With the goal of becoming a leader in the Hyperloop sector, Blacksteel aims to strengthen Turkey’s position in the high-tech arena.
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
