3 years ago

Unwasted Raises £1.5 Million to Scale Sustainable Building Materials from Waste Cardboard

  • Unwasted, a London-based company transforming waste cardboard into sustainable building materials, has secured £1.5 million in seed funding led by Elbow Beach Capital

  • The company will use the funds to scale production of its Neverwaste panel board, a sustainable alternative to virgin wood-based panels

  • Unwasted plans to build a full-scale production plant in Denmark, expected to generate £80 million in revenue annually and save significant resources

  • The company aims to have at least five operational sites in Europe, Australia, and the US by 2030.

      • ProblemManufacturing

      "Unwasted aims to reduce the environmental impact of waste by transforming it into high performance materials with an endless lifecycle."

      Solution

      "The company has developed Neverwaste, a mass production panel board made entirely from waste cardboard and packaging, avoiding the use of glues, resins and toxic chemicals."

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