Samsara Eco

About Samsara Eco

Samsara Eco utilizes a proprietary recycling technology that transforms plastic waste into high-quality, 100% recycled plastics, enabling infinite reuse without the need for virgin materials. This approach addresses the critical issue of plastic pollution by significantly increasing recycling rates and reducing reliance on fossil fuels in plastic manufacturing.

```xml <problem> The current recycling system only recycles less than 10% of plastics, and even then, the plastic can only be recycled a few times before being sent to a landfill. This perpetuates the need for virgin plastic, which contributes to carbon emissions and environmental pollution. By 2050, plastics alone will contribute to 15% of the total carbon budget and outweigh fish in the oceans. </problem> <solution> Samsara Eco offers a recycling technology that transforms plastic waste into high-quality, 100% recycled plastics, enabling infinite reuse. This approach decouples fossil fuels from plastics manufacturing by delivering new plastics comprised entirely of recycled material, eliminating the need for virgin plastics supplementation. The technology has a low carbon footprint and does not require high temperatures, allowing for infinite recycling from waste without harming the environment. The resulting recycled plastics maintain virgin plastic quality, making them suitable for use within existing cross-sector supply chains. </solution> <features> - Proprietary enzymatic depolymerization process to break down mixed plastic waste into its constituent monomers. - Monomers are purified and repolymerized into new plastics with virgin-like quality. - Ability to infinitely recycle plastics without degradation of material properties. - Low-temperature, low-energy process minimizes carbon footprint. - Closed-loop system minimizes waste and emissions. - Recycled plastics can be used in a wide range of applications, including packaging, fashion, automotive, and healthcare. </features> <target_audience> Samsara Eco primarily targets businesses across various sectors, such as packaging, fashion, automotive, and healthcare, seeking to incorporate sustainable practices and reduce their reliance on virgin plastics. </target_audience> ```

What does Samsara Eco do?

Samsara Eco utilizes a proprietary recycling technology that transforms plastic waste into high-quality, 100% recycled plastics, enabling infinite reuse without the need for virgin materials. This approach addresses the critical issue of plastic pollution by significantly increasing recycling rates and reducing reliance on fossil fuels in plastic manufacturing.

Where is Samsara Eco located?

Samsara Eco is based in Sydney, Australia.

When was Samsara Eco founded?

Samsara Eco was founded in 2021.

How much funding has Samsara Eco raised?

Samsara Eco has raised $71.0M.

Who founded Samsara Eco?

Samsara Eco was founded by Thomas Verghese.

  • Thomas Verghese - CEO
Location
Sydney, Australia
Founded
2021
Funding
$71.0M
Employees
79 employees
Investors
Main SequenceBreakthroughvictoriaHitachi VenturesInp Capital

Samsara Eco

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Samsara Eco utilizes a proprietary recycling technology that transforms plastic waste into high-quality, 100% recycled plastics, enabling infinite reuse without the need for virgin materials. This approach addresses the critical issue of plastic pollution by significantly increasing recycling rates and reducing reliance on fossil fuels in plastic manufacturing.

samsaraeco.com7K+
Founded 2021 – Sydney, Australia

Funding

Series A

Announced on March 1, 2022

$6.0M

Series A

Announced on June 1, 2024

$65.0M

Investors: Main Sequence, Temasek

Total Funding

$71.0M

Backed by

BreakthroughvictoriaHitachi VenturesInp CapitalMain SequenceTemasek

Team (75+)

Thomas Verghese

CEO

Company Description

Problem

The current recycling system only recycles less than 10% of plastics, and even then, the plastic can only be recycled a few times before being sent to a landfill. This perpetuates the need for virgin plastic, which contributes to carbon emissions and environmental pollution. By 2050, plastics alone will contribute to 15% of the total carbon budget and outweigh fish in the oceans.

Solution

Samsara Eco offers a recycling technology that transforms plastic waste into high-quality, 100% recycled plastics, enabling infinite reuse. This approach decouples fossil fuels from plastics manufacturing by delivering new plastics comprised entirely of recycled material, eliminating the need for virgin plastics supplementation. The technology has a low carbon footprint and does not require high temperatures, allowing for infinite recycling from waste without harming the environment. The resulting recycled plastics maintain virgin plastic quality, making them suitable for use within existing cross-sector supply chains.

Features

Proprietary enzymatic depolymerization process to break down mixed plastic waste into its constituent monomers.

Monomers are purified and repolymerized into new plastics with virgin-like quality.

Ability to infinitely recycle plastics without degradation of material properties.

Low-temperature, low-energy process minimizes carbon footprint.

Closed-loop system minimizes waste and emissions.

Recycled plastics can be used in a wide range of applications, including packaging, fashion, automotive, and healthcare.

Target Audience

Samsara Eco primarily targets businesses across various sectors, such as packaging, fashion, automotive, and healthcare, seeking to incorporate sustainable practices and reduce their reliance on virgin plastics.

Sources:

1
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