2 years ago

Material Evolution Secures €17.3 Million to Scale Low-Carbon Cement Production

  • Material Evolution, a UK-based company producing low-carbon cement from industrial waste, has raised €17.3 million in Series A funding led by KOMPAS VC

  • The investment will be used to scale production of its cement, which has an 85% lower carbon footprint than traditional cement

  • The round also included participation from Norrsken VC, CircleRock Capital, and strategic investment from SigmaRoc

  • Material Evolution's innovative process replaces energy-intensive kilns with an alkali-fusion process, producing cement at ambient temperatures from industrial waste

  • The company has achieved significant market traction with advanced offtake agreements amounting to over 35,000 tonnes of its product entering the market.

      • ProblemManufacturing

      "reducing the carbon footprint of the cement industry, which is responsible for 8% of global CO2 emissions"

      Solution

      "developing and scaling the production of low-carbon cement from industrial waste streams, using a proprietary process that eliminates the need for energy-intensive kilns and fossil fuels"

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