Founder
ALT TEX
10/10Traction
ALT TEX develops a bioplastic fiber from food waste using a patent-pending food-to-fabric technology, creating a sustainable alternative to traditional polyester. This process not only reduces greenhouse gas emissions associated with textile production but also addresses the environmental impact of food waste by converting it into biodegradable textiles.
- Biotechnology
- Clean Technology
- New Materials
Updated 22 months ago
Funding
Raised to date
$2MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Beresford VenturesNo round attributed
- beresfordventures.com (opens in a new tab)investor website
It FarmNo round attributed
- it-farm.com (opens in a new tab)investor website
PanacheNo round attributed
- panache.vc (opens in a new tab)investor website
PresstarNo round attributed
- presstar.com (opens in a new tab)investor website
Rebel FundNo round attributed
- rebelfund.vc (opens in a new tab)investor website
- Source unavailable
Y CombinatorNo round attributed
- Source unavailable
Funding rounds are not available yet.
Founders
Avneet Ghotra
Founder
Product
Problem
The fashion industry relies heavily on polyester, a plastic-based textile that contributes significantly to greenhouse gas emissions and consumes large quantities of non-renewable resources like oil. Additionally, vast amounts of food waste end up in landfills, exacerbating environmental problems and releasing harmful gases.
Solution
ALT TEX has developed a patent-pending technology that converts food waste into a bioplastic fiber, offering a sustainable alternative to traditional polyester. This process involves re-engineering food waste through fermentation into a biosynthetic textile material. The resulting fiber behaves similarly to polyester, exhibiting high durability and versatility for various textile applications. By utilizing food waste as a feedstock and employing a process that requires significantly less energy than polyester manufacturing, ALT TEX aims to create carbon-neutral textiles that are also biodegradable in industrial compostors.
Target Audience
ALT TEX targets fashion brands and textile manufacturers seeking sustainable and environmentally friendly alternatives to traditional polyester fabrics.
Features
- Proprietary food-to-fabric technology that transforms food waste into bioplastic fiber
- Bioplastic fiber with mechanical properties similar to polyester, including high durability
- Versatile material suitable for a wide range of textile applications
- Manufacturing process that uses 60% less energy compared to traditional polyester production
- Biodegradable material that can be decomposed in industrial compostors
- Carbon-neutral solution that captures emissions from landfill-destined food waste
- Cost-competitive with other premium sustainable fabric alternatives