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Feb 1

The long-and-winding road toward more circular tires

Ventures focused on circular economy advances haven’t historically represented a sexy funding category, but December and early January brought the closing of two high-profile investment infusions: $55 million for AMP Robotics, which is using artificial intelligence to reinvent recycling infrastructure, and $25 million for TerraCycle’s Loop venture, which combines e-commerce with reusable containers.

Indeed, if you poke deeper into developments during the long and winding road that was 2020, it appears more investors are becoming willing to kick the tires (so to speak) when it comes to companies focused on turning someone else’s waste into a saleable product that keeps said waste from winding up in a landfill.

Source: GreenBiz

Tire and Rubber Association of Canada

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