[ad_1]
Fashion industry Late in the afternoon, the shots were fired. It holds 4% to 10% of the world’s carbon emissions and 20% of water flow from infants to graves. The Environmental Protection Agency estimates that 15% of clothing in the US will be recycled.
Some clothing and footwear companies have begun to wake up, promising that their line will be increasingly recyclable. That opened the door for materials companies such as Circ to use the proprietary process to extract cotton and polyester raw materials.
Beginner today announced the $ 30 million series B, led by Bill Gates-led Breakthrough Energy Ventures. Fast fashion retailer Zara has joined Inditex, a leading company. Milken and Company; And Landsdowne Partners.
“In this investment phase, we have been able to create a cleaner fashion for suppliers, buyers and key financial stakeholders,” said Peter Majeranovsky, CEO of Circus. “We have all the clothes we need to make. Now, with our partners, we can make recycled clothing accessible to every consumer.
Patagonia, a privately owned clothing company owned by Tint Shade Ventures, has raised $ 8 million in the VC-led round.
Circus began life as a biofuel company, dismantling tobacco waste and converting it into fossil fuels. Last year, however, a Bloomberg report suggested that a Swedish retail company had changed its business model when asked if its machines could make t-shirts.
[ad_2]
Source link
