Cleantech startup Verretex has raised €159,000 in funding to innovate glass fiber recycling, addressing sustainability and supply chain challenges in multiple industries.
Cleantech startup Verretex has successfully secured €159,000 (CHF 150,000) in funding from Venture Kick for its innovative technology that transforms damaged glass fibers into high-performance textiles. This funding comes at a critical time when industries such as aerospace, automotive, and wind energy are facing rising costs, supply chain strains, and pressing sustainability standards. These sectors are increasingly in need of recycled glass fiber textiles to replace traditional virgin materials.
Traditional recycling methods have struggled with the degradation of fiber quality, which creates a significant gap in high-performance applications. Consequently, many recyclers find themselves operating at a loss, which has led to a situation where most composite waste is either incinerated or relegated to landfills, causing not only a loss of valuable resources but also negative implications for the environment.
Verretex, which was spun out of the École Polytechnique Fédérale de Lausanne (EPFL), has developed a proprietary method to regenerate damaged glass fibers from recycling processes. This technique successfully restores the strength and durability of the fibers, thereby closing the loop on glass fiber waste. The company’s solution is designed to meet the economic and environmental objectives of composite manufacturers, original equipment manufacturers (OEMs), and other corporations that are actively seeking sustainable materials.
Verretex is currently engaged with various sectors including automotive, aerospace, sporting goods, and wind energy to create next-generation recycled glass fiber products. CEO Mitchell Anderson highlighted the importance of the support received from Venture Kick, stating that “our experience with Venture Kick has been crucial in shaping Verretex’s growth, offering not only essential funding but also invaluable mentorship.”
The newly acquired funds will be utilized to further business development initiatives, expand customer engagements, scale pilot projects, and enhance strategies for market entry, certification, and the development of supply chains. With these objectives in view, Verretex is poised to make a significant impact in both the recycling sector and the greater sustainable materials industry.
Source: Noah Wire Services
