Innovative Recycling Platform Novoloop's Lifecycling™ technology demonstrates a strong capability to convert hard-to-recycle plastics into high-performance, molecularly identical materials, making it a compelling partner for companies seeking sustainable material solutions.
Recent Strategic Partnerships The company's recent collaborations, notably with Shanghai Huide Science & Technology Co., Ltd., to scale up production of Lifecycled TPU highlight opportunities for industrial-scale supply chain integration and joint ventures in circular plastics manufacturing.
Expanding Global Footprint With recent expansion efforts including launching a pilot plant in India, Novoloop is positioned to serve diverse markets worldwide, offering potential sales channels in rapidly growing regions with increasing sustainability commitments.
Substantial Funding and Growth Backed by a $21 million Series B funding round led by Taranis, and with annual revenues estimated between $25M and $50M, Novoloop exhibits strong financial health and growth potential, making it an attractive partner for collaborations or investment opportunities.
Focus on Circular Economy Novoloop’s commitment to creating a circular plastics economy aligns with the priorities of eco-conscious brands and manufacturers, positioning it as a strategic supplier for businesses seeking sustainable materials and environmentally friendly certifications.