From Bristol to Athens: iCOMAT’s Journey in Aerospace and Automotive Technology
Whether you’re an avid F1 enthusiast or a casual observer, chances are you’ve been mesmerized by the speed and precision of these incredible machines. But have you ever wondered about who is behind such engineering brilliance? We spoke with Giorgos Stamatopoulos, a structural analyst at iCOMAT since 2022, to explore the story of one of Athens’ top funded startup’s and its groundbreaking work in aerospace and automotive technology.
The Spark That Ignited Innovation
It all began in 2017 when Evangelos Zympeloudis, then a postgraduate student in Bristol, envisioned a transformative future for composite manufacturing. Collaborating with his supervisor, he patented a technology that manipulates carbon fibers with precision, steering them without creating defects. This invention laid the foundation for iCOMAT, a company confident to redefine the possibilities of composite materials.
Starting modestly with a small UK team and just one employee in Greece, iCOMAT’s workforce has steadily grown. Giorgos himself was the second team member in Greece, and now the local team is rapidly expanding to keep pace with the company’s growth.

Collaborating with Titans
As Giorgos explains, iCOMAT serves a diverse clientele, ranging from aerospace giants to luxury automotive brands. Their expertise has contributed to components for rockets, satellites, and high-performance cars, including the elusive world of Formula 1. While Giorgos remains tight-lipped about specifics, he hints at exclusive visits to the headquarters of a certain top-tier F1 team. For those outside the field, the impact of iCOMAT’s work boils down to three game-changing benefits: enhanced performance, cost efficiency, and sustainability.


A Startup Backed by Visionary Investors
Innovation attracts attention, and iCOMAT is no exception. With a staggering €20.13 million in funding, the company ranks 7th among Greece’s top-funded startups according to the Venture Financing Report 2024-2025, Startups in Greece 2024–2025. Velocity Partners, one of their earliest investors, has supported them every step of the way, helping them transform their vision into reality.
The big news? iCOMAT will take its expertise to the next level by producing its designs in-house as they’ve opened their first factory in Gloucester. When asked why the UK was chosen over Greece, Giorgos explained that the complexity of their cutting-edge technology demands specialized knowledge that is currently more accessible in the UK.
A Home at Stone Soup
In Athens, iCOMAT enjoys the collaborative environment of a private office at Stone Soup. Beyond the facilities, they value the dedicated support from Olga and Giorgos, who are always ready to tackle challenges and celebrate milestones. Stone Soup’s community events are a highlight for Giorgos, who fondly recalls the monthly Meet and Drink. An event that aims to bring members together to share ideas and successes.
As the company continues to push boundaries in composite technology, their journey from a university lab in Bristol to global recognition is nothing short of inspiring. With innovation at its core and a team of passionate professionals steering the wheel, iCOMAT is the startup shaping the future of aerospace and automotive technology and engineering—one fiber at a time!
