Innovate Recycle

📍 Northampton, United Kingdom🗓 Founded 2018👥 11 employees💰 Last funded Jun 2024
Innovate Recycle are a UK based manufacturer of recycled PP. This material is extracted from end-of-life carpet. Approximately 500,000 tonnes of end-of-life carpet are produced in the UK every year. The majority is currently either burnt for energy or sent to landfill. Innovate Recycle are creating a solution to this environmental problem with the ultimate intention of significantly reducing burnt and buried carpet; and increasing the amount of reclaimed polypropylene. Innovate Recycle are using proven technology from the US and EU countries to create the first plant in Northampton, England which will enable the business to support, enable and advise carpet manufacturers on how to create a more sustainable material benefiting their business. This resource will enable the forward sale of the repurposed material and will have a recycling system that in a single process line is able to convert c6,637 tonnes pa of carpet material per 8 hour shift. We are part of the recycling revolution, creating sustainable material and helping to resolve the problem of how to handle end-of-life carpet in the UK.
2
Total investors
0
Early stage
0
Mid stage
2
Late stage
2018
Founded
Investor geography2 countries
United Kingdom
1
Taiwan
1
Frequently asked questions
Who invested in Innovate Recycle?
Innovate Recycle has 2 investors on record on gritt.io and 2 late-stage investors.
When did Innovate Recycle last raise funding?
The most recent investment in Innovate Recycle recorded on gritt.io was in June 2024.
When was Innovate Recycle founded?
Innovate Recycle was founded in 2018.
What industry is Innovate Recycle in?
Innovate Recycle operates in Environmental Services. Find similar Environmental Services investors on gritt.io.
Where is Innovate Recycle based?
Innovate Recycle is headquartered in Northampton, United Kingdom.