Carbon Magics offers its customers best-in-class technology research and product development crossing over multiple disciplines, such as AgriTech, Clean Tech and Assistive Technologies.
Priya Vijayakumar, Founder of Carbon Magics
Led by Priya Vijayakumar, Carbon Magics is a family business with a mission to become a world leading research, product development and technology and business consultancy.
Since starting, the business has established relationships with leading composite manufacturers and raw material producers, to develop new ways of reusing carbon fibre waste.
The loan has been used to create a new workshop and invest in high-tech machinery, such as a 3D printer, a drone and a state-of-the-art computer.
Carbon Magics currently employs four members of staff, including a contracted engineer.
Priya commented “This crucial support from SWIG Finance enabled us to secure a new premises, which offers several advantages, including more accessible space for drone training, drone practice, and soldering activities. Additionally, the workshop provides room for 3D printing machines. Looking ahead, the space will also be utilized for machinery-related activities, further enhancing the company’s capabilities”.
Suzy Lowe from SWIG Finance said “Priya has done a great job growing her company organically, having developed a portfolio of products and services that all have further growth potential. The Start Up Loan Scheme is there to support businesses like Carbon Magics, providing them with a cash injection so they can continue developing the business at a much quicker rate”.
About SWIG Finance
SWIG Finance is a people-based lender that provides loans and support to help smaller businesses in the South and West Country grow. We base our lending decisions on potential rather than collateral, which means that we can often support businesses when others can't.
We’re growing every year. In 2025/26, we lent £18.4m to 506 businesses, helping to create and secure over 1,134 jobs and generate £95.2m in social impact. Download the report here.
If you’d like an informal chat about your funding requirements, get in touch with our friendly and professional team to see how we can help: info@swigfinance.co.uk / 01872 227 930