Uplift360, a Luxembourg-based company developing sustainable chemical recycling technologies for advanced materials, raised €1M in Pre-Seed funding.
The round was led by Promus Ventures, with participation from Twin Track.
The company intends to use the funds to scale its recycling technology and expand its team of scientists as it develops a concept demonstrator.
Led by Jamie Meighan (CEO) and Sam Staincliffe (CTO), Uplift360 offers low-temperature recycling processes that address a critical challenge in European industries such as defence, aerospace, and automotive, which face growing pressure to reduce waste and environmental impact while retaining access to high-performance materials.
The company works with clients like DuPont and Teijin and has also collaborated with Babcock and the Luxembourg Institute of Science and Technology to explore circular recycling systems for end-of-life aircraft and develop circular, non-fossil-fuel-derived materials for markets such as automotive and aerospace.
FinSMEs
10/12/2024