Business Description
- The company recycles end of life truck tires and generates chemically identical virgin raw material, oil and carbon.
- It seeks funding in two tranches of €4M and €16M to scale up its manufacturing to large scale industrialisation.
- Current revenue is less than EUR 1 M, but expected to rise 10x in next 3 years.
- Growing market demand outstrips supply by factor of 10x.
- The recycled material is significantly cheaper than virgin original.
